sebi:WTM/ASB/WRO/WRO/26685/2023-24
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Facts / Headnote
Noticee directed to refund Rs. 16,40,116 to complainants/investors/clients within three months with public notice and related directions; order to be read with Final Order dated January 18, 2023
Provisions invoked
- s. 19
Regulations
- Reg. 3
Parties
- Manish Lalwani
- M/s Secure Investor Investment Advisory
Holding
The Noticee is liable to refund Rs. 16,40,116 collected as fees for unregistered investment advisory services within three months, with public notice, reporting and deposit of balance with SEBI.
Full text
______________________________________________________________________ Order in the matter of Secure Investor Investment Advisory 2 / 8 a period of 3 (three) years from the date of this Order or till the expiry of 3 (three) years from the date of completion of refunds to Complainants /investors /clients along with depositing of balance amounts, if any, with SEBI, as directed in paragraphs 7(a) and 7(e), whichever is later. …”
______________________________________________________________________ Order in the matter of Secure Investor Investment Advisory 3 / 8
______________________________________________________________________ Order in the matter of Secure Investor Investment Advisory 4 / 8
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Source: SecMarx — sebi:WTM/ASB/WRO/WRO/26685/2023-24. 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.