sebi:WTM/MPB/IMD/WRO/188/2021
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Facts / Headnote
Interim ex-parte directions issued restraining noticees from acting as investment adviser, accessing securities market, diverting funds, and freezing specified bank account, demat accounts and RTA transfers pending enquiry
Provisions invoked
- s. 11
- s. 19
- s. 12(1)
- s. 12A
Regulations
- Reg. 3
- Reg. 2(1)(c)
- Reg. 4(1)
- Reg. 3(1)
- Reg. 2(m)
- Reg. 2(l)
Parties
- M/s Profit Guruji
- Shri Pradeep Chaudhary alias Shri Pradeep Kumar Ola
Holding
The noticees were prima facie found to be acting as and holding themselves out as an unregistered Investment Adviser and engaging in fraudulent and unfair trade practices by assuring returns, in violation of the SEBI Act, IA Regulations and PFUTP Regulations. Interim ex-parte directions were issued restraining their advisory activities, freezing the SBI bank account, demat accounts and asset transfers pending enquiry.
Full text
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s Profit Guruji Page 1 of 26 WTM/MPB/IMD/WRO/188/2021
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s Profit Guruji Page 2 of 26
__________________________________________________________________________________________________________________ Interim Order in the matter of M/s Profit Guruji Page 3 of 26 and Telegram channel. The following bank account details were provided by the complainant with respect to M/s Profit Guruji: Bank Account name Account number Branch State Bank of India (SBI) Pradeep Kumar Ola 34855952080 Jaipur
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Source: SecMarx — sebi:WTM/MPB/IMD/WRO/188/2021. 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.