sebi:QJA/GR/SRO/SRO/29770/2023-24
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violation established; refund of Rs.30,92,789, one-year securities market debarment and Rs.1,00,000 penalty each imposed
Provisions invoked
- s. 15
- s. 19
- s. 12(1)
- s. 11B
- s. 11
- s. 15J
- s. 15F
- s. 28A
- s. 15E
Regulations
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
Parties
- P Krishnakumar
- Jagadeesan S
Holding
The Noticees acted as unregistered investment advisers in violation of Section 12(1) of the SEBI Act read with Regulation 3(1) of the IA Regulations and were directed to refund Rs.30,92,789, debarred from the securities market for one year, and penalized Rs.1,00,000 each under Section 15EB.
Full text
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory services/activities of YM Forecast managed by P Krishnakumar and Jagadeesan S. Page 2 of 22
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory services/activities of YM Forecast managed by P Krishnakumar and Jagadeesan S. Page 3 of 22
_____________________________________________________________________________________________ Order in the matter of unregistered investment advisory services/activities of YM Forecast managed by P Krishnakumar and Jagadeesan S. Page 4 of 22
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:QJA/GR/SRO/SRO/29770/2023-24. 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.