| Interim Order in the matter of National Stock Advisory Research |
To
All Trading Members of the Exchange
Sub: Interim Order 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 In the matter of National Stock Advisory Research.
SEBI vide its order no. WTM/MPB/IMD/WRO-ILO/ 171 /2021 dated February 01, 2021 has inter-alia issued following directions:
- Directed National Stock Advisory Research and its proprietor Mr. Neeraj S Lodhi not to access the securities market and buy, sell or otherwise deal in securities, either directly or indirectly, in any manner whatsoever.
- If National Stock Advisory Research and its proprietor Mr. Neeraj S Lodhi 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. National Stock Advisory Research and its proprietor Mr. Neeraj S Lodhi are 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 Fahad Kapadia
Senior Manager Assistant Manager
Surveillance Surveillance
Date: February 02, 2021 |