|Order in the matter of Unregistered Investment Advisory Activity
All Trading Members of the Exchange
Sub: Interim Ex Parte under Sections 11(1), 11(4), 11B(1) and 11D of the Securities and Exchange Board of India Act, 1992 In Re: Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 and Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003 in the matter of Unregistered Investment Advisory Activity
SEBI vide its order no. WTM/MB/WRO/WRO/11265/2020-21 dated April 07, 2021 has inter-alia issued following directions:
Trifid Research and its partners, Mr. Vivek Tyagi and Ms. Lidya Thomas, are directed:
- Mr. Nilesh Vipinchandra Vajifdar is directed not to access the securities market and buy, sell or otherwise deal in securities, either directly or indirectly, in any manner whatsoever.
- If Mr. Nilesh Vipinchandra Vajifdar have any open position in any exchange traded derivative contracts, as on the date of the order, they can close out/ square off such open positions within 3 months from the date of order or at the expiry of such contracts, whichever is earlier. Mr. Nilesh Vipinchandra Vajifdar is permitted to settle the pay-in and pay-out obligations in respect of transactions, if any, which have taken place before the close of trading on the date of this order.
This Order is effective from the date of the order.
A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Jeevan Noronha Avijit Sarkar
Senior Manager Deputy Manager
Date: April 08, 2021