sebi:QJA/GG/WRO/WRO/23324/2022-23
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Facts / Headnote
Violation established; refund and restraint directions issued
Provisions invoked
- s. 19
- s. 11(1)
- s. 12(1)
Regulations
- Reg. 3(1)
- Reg. 2(1)(u)
Parties
- MR Capital (Proprietor Saddam Hussain)
Holding
The Noticee acted as an unregistered research analyst in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the RA Regulations. The Noticee was directed to refund money received as fees for unauthorized research analyst activity and not to undertake research analyst activity without SEBI registration.
Full text
_________________________________________________________________________________ Order in the matter of MR Capital (Proprietor Saddam Hussain) Page 2 of 14
_________________________________________________________________________________ Order in the matter of MR Capital (Proprietor Saddam Hussain) Page 3 of 14
_________________________________________________________________________________ Order in the matter of MR Capital (Proprietor Saddam Hussain) Page 4 of 14
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Source: SecMarx — sebi:QJA/GG/WRO/WRO/23324/2022-23. 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.