sebi:QJA/AA/ISD/ISD-SEC-3/30314/2024-25
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Facts / Headnote
Violations established; disgorgement of wrongful gains of Rs. 28,80,825 jointly and severally, payable to IPEF within 45 days
Provisions invoked
- s. 19
- s. 11(1)
- s. 11B
- s. 12A
- s. 11
- s. 15H
- s. 15J
- s. 11C(3)
- s. 15F
- s. 11(5)
Regulations
- Reg. 4
- Reg. 3
- Reg. 9
- Reg. 8
- Reg. 5
- Reg. 3(a)
Parties
- Hanif Kasambhai Shekh (Noticee 1)
- Robert Resources Limited (Noticee 2)
Holding
The Noticees were found to have violated Section 12A(a), (b), (c) of the SEBI Act and Regulations 3(a), 3(b), 3(c), 3(d), 4(1), 4(2)(d) of the PFUTP Regulations by operating the Safebulls Telegram channel to disseminate stock recommendations while simultaneously front-running those recommendations through Noticee 2's trading account. Both Noticees were held jointly and severally liable to disgorge wrongful gains of Rs. 28,80,825 to the Investor Protection and Education Fund.
Full text
Order in the matter of Telegram Channel Safebulls _____________________________________________________________________________________
Order in the matter of Telegram Channel Safebulls _____________________________________________________________________________________
Order in the matter of Telegram Channel Safebulls _____________________________________________________________________________________
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Source: SecMarx — sebi:QJA/AA/ISD/ISD-SEC-3/30314/2024-25. 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.