sebi:QJA/GR/ERO/ERO/29912/2023-24
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Facts / Headnote
Violations established; refund of Rs.2,10,50,398, 2-year market debarment and monetary penalties imposed
Provisions invoked
- s. 11
- s. 15
- s. 12(1)
- s. 11B
- s. 12A
- s. 12
- s. 15H
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 3(b)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 4(2)(k)
- Reg. 4(2)(s)
- Reg. 2(1)(g)
Parties
- M/s A S Traders
- Mr. Vicky Alam
- Mr. Durgesh Kumar
Holding
The Noticees acted as unregistered investment advisers in violation of Section 12(1) SEBI Act and Regulation 3(1) IA Regulations and committed fraud in violation of PFUTP Regulations; they were directed to refund Rs.2,10,50,398, debarred from securities market for two years, and penalized.
Full text
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory by M/s A S Traders, Proprietor – Mr. Vicky Alam
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory by M/s A S Traders, Proprietor – Mr. Vicky Alam
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory by M/s A S Traders, Proprietor – Mr. Vicky Alam
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Source: SecMarx — sebi:QJA/GR/ERO/ERO/29912/2023-24. 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.