sebi:WTM/KV/MIRSD/MIRSD-SEC-6/30902/2024-25
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Facts / Headnote
Regulatory censure issued against the Noticee in terms of clause (vii) of sub-regulation (1) of regulation 26 of the Intermediaries Regulations.
Provisions invoked
- s. 19
- s. 12
- s. 29
Regulations
- Reg. 7
- Reg. 6
- Reg. 13
- Reg. 9
- Reg. 25
- Reg. 15
- Reg. 23
- Reg. 19
- Reg. 27
- Reg. 26
Parties
- Wealthmax Solution Investment Adviser (Proprietor: Piyush Jain)
Holding
The WTM issued a regulatory censure against Wealthmax Solution Investment Adviser for violating regulations 13(a) and (b), 15(9), 19, and 25(1) and (2) of the IA Regulations read with the Code of Conduct and SEBI Circular dated September 23, 2020, for failure to inform SEBI of change in registered office, non-maintenance of client records and non-execution of agreements, and non-cooperation with the inspection team.
Full text
_____________________________________________________________________________________ Order in respect of Wealthmax Solution Investment Adviser (Proprietor: Piyush Jain) Page 2 of 21
_____________________________________________________________________________________ Order in respect of Wealthmax Solution Investment Adviser (Proprietor: Piyush Jain) Page 3 of 21
_____________________________________________________________________________________ Order in respect of Wealthmax Solution Investment Adviser (Proprietor: Piyush Jain) Page 4 of 21
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Source: SecMarx — sebi:WTM/KV/MIRSD/MIRSD-SEC-6/30902/2024-25. 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.