sebi:WTM/SM/SRO/SRO/26040/2023-24
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Facts / Headnote
Directions issued including refund of fees collected from clients/investors within three months, public notice for refund, resolution of pending complaints, and other compliance directions under Sections 11, 11(4), 11B(1), 11D read with Section 19 of the SEBI Act.
Provisions invoked
- s. 19
- s. 12(1)
Regulations
- Reg. 3
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
Parties
- Global Advisors
- Vusa Ravi
- Nithin Raj
Holding
The Noticees (Global Advisors, its proprietor Vusa Ravi, and key managerial personnel Nithin Raj) were held liable for providing unregistered investment advisory services in violation of Section 12(1) of the SEBI Act read with regulation 3(1) of the IA Regulations, and were directed to refund fees collected from clients/investors.
Full text
__________________________________________________________________________________________ Final Order in respect of Global Advisors Page 2 of 28
__________________________________________________________________________________________ Final Order in respect of Global Advisors Page 3 of 28
__________________________________________________________________________________________ Final Order in respect of Global Advisors Page 4 of 28
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Source: SecMarx — sebi:WTM/SM/SRO/SRO/26040/2023-24. 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.