sebi:Order/AN/PR/2022-23/24254
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Facts / Headnote
Violation established; Noticee held liable for monetary penalty under Section 15C of the SEBI Act
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15C
Regulations
- Reg. 21
- Reg. 21(1)
- Reg. 28
- Reg. 28(f)
Parties
- M/s Wealthmax Solution Investment Adviser (Proprietor: Shri Piyush Jain)
Holding
The Noticee, a SEBI registered Investment Adviser, violated SEBI Circular CIR/OIAE/1/2014 dated December 18, 2014 read with Regulation 21(1) read with Regulation 28(f) of the IA Regulations by failing to redress the SCORES complaint and file ATR within 30 days, and is liable for monetary penalty under Section 15C of the SEBI Act.
Full text
Adjudication Order in the matter of M/s Wealthmax Solution Investment Adviser (Proprietor: Shri. Piyush Jain) | Page 2 of 24
Adjudication Order in the matter of M/s Wealthmax Solution Investment Adviser (Proprietor: Shri. Piyush Jain) | Page 3 of 24
Adjudication Order in the matter of M/s Wealthmax Solution Investment Adviser (Proprietor: Shri. Piyush Jain) | Page 4 of 24
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Source: SecMarx — sebi:Order/AN/PR/2022-23/24254. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.