sebi:Order/BM/RK/2023-24/30080
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Facts / Headnote
Violations established; penalty of Rs 7,00,000 imposed under Section 15EB
Provisions invoked
- s. 15
- s. 15J
- s. 28A
- s. 15E
Regulations
- Reg. 6
- Reg. 13
- Reg. 9
- Reg. 25
- Reg. 15
- Reg. 14
- Reg. 5
- Reg. 2
- Reg. 23
- Reg. 7(2)
- Reg. 19
- Reg. 15(9)
- Reg. 19(2)
- Reg. 34
Parties
- Wealthmax Solution Investment Advisor (Proprietor: Piyush Jain)
Holding
The Adjudicating Officer held that Wealthmax Solution Investment Advisor violated Regulation 13(a)&(b), Regulation 15(9) r/w Code of Conduct Clauses 1 and 8, Regulation 19(1)(d) and Regulation 19, Regulation 25(1)&(2) and Clause 2(ii)&(vi) of the September 23, 2020 circular, and imposed a penalty of Rs 7,00,000 under Section 15EB of the SEBI Act, 1992.
Full text
__________________________________________________________________________ Adjudication Order in respect of Wealthmax Solution Investment Advisor(Proprietor : Piyush Jain)
__________________________________________________________________________ Adjudication Order in respect of Wealthmax Solution Investment Advisor(Proprietor : Piyush Jain)
__________________________________________________________________________ Adjudication Order in respect of Wealthmax Solution Investment Advisor(Proprietor : Piyush Jain)
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Source: SecMarx — sebi:Order/BM/RK/2023-24/30080. 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.