To
All Trading Members of the Exchange
Sub: Order Under Sections 11(1), 11(4)(b) and 11B of the Securities And Exchange Board Of India Act, 1992 read with the SEBI (Investment Advisers) Regulations,2013,SEBI (Portfolio Managers) Regulations,1993 and the SEBI (Research Analysts) Regulations,2014, in the matter of MMF Solutions (alias MMF and Solutions)
SEBI, vide its order no. WTM/MPB/SEBI/EFD-DRA4/136/2018 dated February 15, 2018 has inter-alia, directed MMF Solutions and its Proprietor, Shri Priyansh Patodi (PAN BBDPP5436J) not to, directly or indirectly, access the securities market, and are prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in whatsoever manner, till the expiry of 4 years from the date of refund of the money as directed in the Order.
This Order shall come into force with immediate effect.
A copy of the said order is attached herewith and also available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Ena Janvalekar Shaila Valsan
Sr. Manager Manager
Surveillance Surveillance
Date: February 15, 2018 |