sebi:QJA/GG/WRO/WRO/23356/2022-23
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violations of IA Regulations and SEBI circulars held established in part; violations of Regulation 3(a), (b), (c) and (d) of PFUTP Regulations read with Section 12A(a), (b) and (c) of SEBI Act, 1992 held not maintainable
Provisions invoked
- s. 11
- s. 19
- s. 11(4)
- s. 11B
- s. 12A
- s. 15H
- s. 15C
- s. 12(3)
- s. 420
- s. 15E
- s. 154
- s. 6(1)
- s. 34
- s. 406
Regulations
- Reg. 6
- Reg. 9
- Reg. 3(a)
- Reg. 15(1)
- Reg. 21(1)
- Reg. 23
- Reg. 7
- Reg. 28
- Reg. 15(9)
- Reg. 13(b)
- Reg. 35
- Reg. 6(f)
- Reg. 28(f)
- Reg. 7(2)(e)
- Reg. 15H
- Reg. 15(8)
Parties
- Niveshicon Investment Advisor
Holding
The Noticee violated IA Regulations and SEBI circulars on assured returns, unfair dealing, risk profiling, suitability, KYC and investor-grievance redressal, while the charges under Regulation 3 of PFUTP Regulations read with Section 12A of SEBI Act, 1992 were held not maintainable for want of proof of dealing in securities.
Full text
__________________________________________________________________________________________ Order in the matter of Niveshicon Investment Advisor Page 2 of 38
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__________________________________________________________________________________________ Order in the matter of Niveshicon Investment Advisor Page 4 of 38
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Source: SecMarx — sebi:QJA/GG/WRO/WRO/23356/2022-23. 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.