sebi:WTM/SM/SRO/SRO/14716/2021-22

SEBI · SEBI · 2018-08-01 · S. K. Mohanty, Whole Time Member

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Facts / Headnote

Interim Order directions confirmed against Krishnamurthy G

Provisions invoked

• s. 12(1)

Regulations

• Reg. 3(1)

Parties

• Krishnamurthy G

Holding

SEBI confirmed the directions issued in the ex-parte Interim Order dated September 07, 2020 against Krishnamurthy G, finding that he was running an unregistered investment advisory service through his website www.tragroups.com.

Full text

Confirmatory Order in respect of Krishnnamurthy G Page 2 of 8 in one of the web pages of the website viz., www.tragroups.com. Upon finding out the same, the website and particulars of bank accounts of Krishnamurthy were perused to gather further information. The above website was found active during the course of examination/investigation.

Confirmatory Order in respect of Krishnnamurthy G Page 3 of 8 5. It was further observed during examination that Krishnamurthy was not registered with SEBI to act as an Investment Adviser in the securities markets.

Confirmatory Order in respect of Krishnnamurthy G Page 4 of 8 7. It is noted in the course of the said preliminary examination that the website www.tragroups.com was also containing information that it was offering packages in equity segment, futures segment (both stock and Indices), options, bullions, base metals Energy and other commodities to its clients as part of its advisory activity. I note from the material available on record that the pricing for various investments advisory products being offered by Krishnamurthy as mentioned on the aforesaid website were as following: Table 1: Subscription plans: Sl. no Product Package One month (Rs.) Three Months (Rs.) Six Months (Rs.) One Year (Rs.) 1 Stock Cash 10,000/- 20,000/- 40,000/- 65,000/- 2 Stock Future 12,000/- 24,000/- 40,000/- 70,000/- 3 Nifty Future 8,000/- 16,000/- 30,000/- 45,000/- 4 Combo Equity 30,000/- 60,000/- 95,000/- 1,30,000/- 5 Options 8,000/- 16,000/- 28,000/- 40,000/-

Source: SecMarx — sebi:WTM/SM/SRO/SRO/14716/2021-22. 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.