sebi:WTM/AB/SRO/SRO/18443/2022-23
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Facts / Headnote
Noticee found to have provided unregistered investment advisory and portfolio management services; directed to refund money received from complainants/investors within three months and debarred from accessing/dealing in securities market for six months.
Provisions invoked
- s. 19
- s. 12(1)
Regulations
- Reg. 3
- Reg. 2
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 42
- Reg. 2(g)
- Reg. 111
- Reg. 111(1)
- Reg. 42(2)(a)
Parties
- Mr. Sarvesh Kumar, Prop. M/s. Gold Tree
Holding
The Noticee acted as an unregistered investment adviser and unregistered portfolio manager in violation of Section 12(1) of the SEBI Act, 1992 and must refund money collected and is debarred from the securities market for six months.
Full text
Final Order in the matter of Gold Tree – Prop. Sarvesh Kumar Page 1 of 16 WTM/AB/SRO/SRO/18443/2022-23 SECURITIES AND EXCHANGE BOARD OF INDIA
Final Order in the matter of Gold Tree – Prop. Sarvesh Kumar Page 2 of 16 association with listed entities, intermediaries, etc., should not be issued against him under Sections 11B and 11(4) of the SEBI Act, 1992.
Final Order in the matter of Gold Tree – Prop. Sarvesh Kumar Page 3 of 16 Nifty Futures 25,000 40,000 70,000 Futures and Options 30,250 50,250 90,750 Equity Combo 40,000 70,000 1,20,000 Bullions 30,250 50,250 90,750 Base Metals 21,250 35,000 55,000 Energy 21,250 35,000 55,000 Agri 21,250 35,000 55,000 Commodity Combo 40,000 70,000 1,20,000 HNI Pack Price on request Price on request Price on request Investor Pack Price on request Price on request Price on request ROI Pack Price on request Price on request Price on request Ultra Series Pack 50,000 90,000 1,50,000 Portfolio Management Price on request Price on request Price on request
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Source: SecMarx — sebi:WTM/AB/SRO/SRO/18443/2022-23. 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.