sebi:QJA/AA/ERO/ERO/30668/2024-25
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
SEBI directed the Noticee to repay clients/investors, cease and desist from investment advisory services, and remain debarred from the securities market for one year or until one year after completion of the directed refunds, whichever is later. It also imposed monetary penalties, but the penalty amount is not stated in the supplied text.
Provisions invoked
- s. 11B
- s. 11
- s. 19
- s. 12(1)
- s. 12A
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 3(a)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 4(2)(k)
- Reg. 4(2)(s)
- Reg. 4(2)(o)
- Reg. 3(a)(d)
Parties
- Mr. Siddharth Pandey (Snigdha Equity Advisory)
Holding
The order treats Mr. Siddharth Pandey as having provided investment advisory services without SEBI registration and directs refunds, cessation of those services, and a market-access debarment. It also imposes monetary penalties, although the supplied text does not disclose their amount.
Full text
Order in respect of Mr. Siddharth Pandey (Snigdha Equity Advisory) In the matter of Unregistered Investment Advisory services Page 2 of 27
Order in respect of Mr. Siddharth Pandey (Snigdha Equity Advisory) In the matter of Unregistered Investment Advisory services Page 3 of 27
Order in respect of Mr. Siddharth Pandey (Snigdha Equity Advisory) In the matter of Unregistered Investment Advisory services Page 4 of 27
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Source: SecMarx — sebi:QJA/AA/ERO/ERO/30668/2024-25. 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.