sebi:WTM/AB/WRO/WRO/18783/2022-23
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Facts / Headnote
Noticees held liable for unregistered investment advisory activities; directed to refund Rs. 1,20,90,399.43 to investors, issue public notice, refrain from selling assets except for refunds, debarred from securities market for 6 months, and prohibited from undertaking investment advisory services without registration.
Provisions invoked
- s. 19
- s. 12(1)
Regulations
- Reg. 2
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
Parties
- Mr. Lakhan Chouhan (Proprietor of M/s. RNS Global Capital)
- Mr. Rohit Soni (Proprietor of M/s. RNS Global Capital)
- Ms. Shivani Thakur (Proprietor of M/s. RNS Global Capital)
Holding
The Noticees, as proprietors of M/s. RNS Global Capital, were found to have carried out investment advisory activities through their website without obtaining registration from SEBI, in violation of Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations, 2013.
Full text
Final Order in the matter of M/s. RNS Global Capital Page 1 of 25 WTM/AB/WRO/WRO/18783/2022-23 SECURITIES AND EXCHANGE BOARD OF INDIA
Final Order in the matter of M/s. RNS Global Capital Page 2 of 25 Advisers) Regulations, 2013 (hereinafter referred to as “IA Regulations, 2013”).
Final Order in the matter of M/s. RNS Global Capital Page 3 of 25 intraday or holding recommendation in HNI Cash for those clients or traders who want to trade once in a day and want higher return on daily basis. This product is specifically designed to provide a single big target with calculated risk and rewards by tracking volume, open interest, technical patterns along with fundamental studies. Specialized Features: We provide you around 1 stock cash calls daily Follow up messages of the call Nifty Reviews and support & resistance Stocks in news, Nifty & Bank Nifty trend and support & resistance World Market updates, SGX Nifty & Other updates (e) Pricing for the services ranged between Rs. 15,000 per month for Stock Cash services to Rs 10 lakh per annum for Platinum Services in equity segment. For Future, the price for services ranged between Rs. 18,000 per month for Stock Future services to Rs. 15 lakh per annum for Platinum Future.
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Source: SecMarx — sebi:WTM/AB/WRO/WRO/18783/2022-23. 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.