sebi:WTM/AB/SRO/SRO/31328/2024-25
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Certificate of registration of Sumit Kumar Waghmare (SEBI Registration No. INA200013099) as an Investment Adviser suspended for a period of six months with immediate effect.
Provisions invoked
- s. 27
Regulations
- Reg. 6
- Reg. 9
- Reg. 13(a)
- Reg. 2(1)(l)
- Reg. 2(1)(m)
- Reg. 8(1)
- Reg. 27(5)
- Reg. 26
- Reg. 15(9)
- Reg. 13(b)
- Reg. 8
- Reg. 27(1)
Parties
- Sumit Kumar Waghmare
Holding
The Noticee violated regulation 13(b) read with regulation 13(a) of the IA Regulations and clauses 1, 5 and 8 of the Code of Conduct (Third Schedule) read with regulation 15(9) of the IA Regulations by failing to update SEBI on material change of address and by carrying on unregistered investment advisory activities through F3 Financials and Garuda Finance. His registration as an Investment Adviser was suspended for six months.
Full text
__________________________________________________________________________________ Order in the Enquiry Proceedings against Sumit Kumar Waghmare Page 2 of 30
__________________________________________________________________________________ Order in the Enquiry Proceedings against Sumit Kumar Waghmare Page 3 of 30
__________________________________________________________________________________ Order in the Enquiry Proceedings against Sumit Kumar Waghmare Page 4 of 30
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Source: SecMarx — sebi:WTM/AB/SRO/SRO/31328/2024-25. 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.