sebi:WTM/MB/WRO/WRO/11212/2020-21
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Facts / Headnote
Interim ex parte directions issued restraining Trifid Research and its partners from accessing the securities market, acting as investment advisers, diverting funds, and requiring inventory of assets; deposits and demat accounts frozen pending further orders.
Provisions invoked
- s. 19
- s. 12A
- s. 27
- s. 25
Regulations
- Reg. 3
- Reg. 4
- Reg. 2(1)(c)
- Reg. 16
- Reg. 17
- Reg. 15
- Reg. 15(1)
- Reg. 15(9)
- Reg. 35
- Reg. 17(a)
- Reg. 16(e)
- Reg. 16(a)
Parties
- Trifid Research (INA000001290)
- Mr. Vivek Tyagi (Partner)
- Ms. Lydia Thomas (Partner)
Holding
Trifid Research and its partners were prima facie found to have violated the IA Regulations and PFUTP Regulations by engaging in fraudulent investment advisory practices, and interim ex parte directions were issued restraining them from the securities market pending further proceedings.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of Trifid Research (Partners: Mr. Vivek Tyagi and Ms. Lydia Thomas) Page 1 of 34 WTM/MB/WRO/WRO/11212/2020-21
__________________________________________________________________________________________________________________ Interim Order in the matter of Trifid Research (Partners: Mr. Vivek Tyagi and Ms. Lydia Thomas) Page 2 of 34
__________________________________________________________________________________________________________________ Interim Order in the matter of Trifid Research (Partners: Mr. Vivek Tyagi and Ms. Lydia Thomas) Page 3 of 34 CONSIDERATION & PRIMA FACIE FINDINGS
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Source: SecMarx — sebi:WTM/MB/WRO/WRO/11212/2020-21. 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.