sebi:WTM/MB/WRO/WRO/76/2019-20
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Ad interim ex-parte order restraining the Noticee from soliciting or acquiring fresh clients for investment advisory services and from offering new investment advisory services, pending detailed examination; existing clients' paid services to be delivered without renewal.
Provisions invoked
- s. 11
- s. 19
- s. 12(1)
- s. 12
- s. 25
Regulations
- Reg. 4
- Reg. 13
- Reg. 3
- Reg. 9
- Reg. 15
- Reg. 3(1)
- Reg. 15(9)
- Reg. 35
- Reg. 2(1)(r)
Parties
- Mr. Shailendra Sen, proprietor of Capital Heed Financial Research
Holding
The Noticee, Mr. Shailendra Sen, proprietor of Capital Heed Financial Research, prima facie violated Section 12(1) of the SEBI Act, 1992 read with Regulation 3(1) of the IA Regulations by carrying on unregistered investment advisory activities through his partnership firm Cash Cow, and prima facie violated Clauses 1 and 8 of the Code of Conduct read with Regulations 13 and 15(9) of the IA Regulations by knowingly providing false information in his registration application, and prima facie violated Regulation 3 of the PMS Regulations by holding out as a portfolio manager without registration.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Capital Heed Financial Research (Proprietor: Mr. Shailendra Sen) Page 2 of 14
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Capital Heed Financial Research (Proprietor: Mr. Shailendra Sen) Page 3 of 14
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s. Capital Heed Financial Research (Proprietor: Mr. Shailendra Sen) Page 4 of 14
You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.
Free accounts include 10 searches/day with full order access.
Source: SecMarx — sebi:WTM/MB/WRO/WRO/76/2019-20. 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.