sebi:WTM/AB/WRO/WRO/17728/2022-23
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Facts / Headnote
Noticees held to be unregistered investment advisers in violation of IA Regulations and PFUTP Regulations; directed jointly and severally to refund fees to complainants/investors within three months with public notice, and debarred from accessing/dealing in securities market for 6 months.
Provisions invoked
- s. 19
- s. 12(1)
Regulations
- Reg. 3
- Reg. 4(1)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 201
- Reg. 4(2)(k)
Parties
- M/s Profit Redefine Financial Solution
- Mr. Sanjay Yadav
Holding
Profit Redefine Financial Solution and its proprietor Sanjay Yadav acted as unregistered investment advisers and disseminated false/misleading assured-returns claims, violating Section 12(1) of SEBI Act read with Regulation 3(1) of IA Regulations and Regulation 4(2)(k) of PFUTP Regulations, and were directed to refund monies and remain debarred for six months.
Full text
Final Order in the matter of Profit Redefine Financial Solution – Proprietor- Sanjay Yadav Page 1 of 15 WTM/AB/WRO/WRO/17728/2022-23
Final Order in the matter of Profit Redefine Financial Solution – Proprietor- Sanjay Yadav Page 2 of 15 2. In the interim order following directions were issued against the Noticees:
Final Order in the matter of Profit Redefine Financial Solution – Proprietor- Sanjay Yadav Page 3 of 15 immediately but not later than 5 working days from the date of receipt of this order.”
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Source: SecMarx — sebi:WTM/AB/WRO/WRO/17728/2022-23. 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.