sebi:WTM/SM/WRO/WRO/14408/2021-22
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Noticee held to have rendered unregistered investment advice in violation of SEBI Act and IA and PFUTP Regulations; directed to refund INR 1,25,65,805 to investors within three months with newspaper notice and compliance reports, resolve pending complaints, and debarred from securities market for 06 months or till 06 months after completion of refunds, whichever is later.
Provisions invoked
- s. 19
- s. 12(1)
- s. 12A
Regulations
- Reg. 11
- Reg. 3
- Reg. 2(1)(c)
- Reg. 3(a)
- Reg. 2(1)(l)
- Reg. 3(1)
- Reg. 2(1)(m)
- Reg. 4(2)(k)
Parties
- Yash Chawla (Sole Proprietor of M/s Khelo MCX Research Services)
Holding
Yash Chawla through Khelo MCX Research Services acted as an unregistered investment adviser and engaged in fraudulent practices, violating Section 12(1) and 12A of SEBI Act with IA and PFUTP Regulations, and was directed to refund INR 1,25,65,805 and remain debarred from the securities market.
Full text
Final Order in respect of Yash Chawla (Sole Proprietor of M/s Khelo MCX Research Services) Page 2 of 27 giving commodity market tips. The website of khelomcx was disclosing information that it was offering packages in MCX trading tips, NCDEX share tips, Equity market tips, NIFTY tips, Stock tips, Intraday Tips.
Final Order in respect of Yash Chawla (Sole Proprietor of M/s Khelo MCX Research Services) Page 3 of 27 www.bazaartrading.in At Bazaartrading, we offer a comprehensive range of services and advisory to give you all you need to know about commodity investments and trading. Get online MCX tips advisory from Professional Day Traders and Market Experts. So that, you could get the 85-90% trade profits assured, right service and best results in the long run. Get MCX Intraday Tips, and Commodity Trade Recommendations with India’s No.1 MCX Tips Provider. We having a very rare background of trading experience and a method you won’t find anywhere else. www.khelomcx.com Employ experienced brokers or advisors to predict investors buying and trading trends at various market environments. The risks a trader might get while trading is minimized by our research services. We offers you the better investment & trading solutions in MCX trading tips, NCDEX share tips, Equity market tips, NIFTY tips, Stock tips, Intraday Tips. Guaranteed Maximum Profits Our clients & Traders follows over all research based trading tips and they must be in profit upto Rs 2,00,000 per month. Accurate Intraday Tips Our intraday trading tips accuracy levels at 95-99% on a daily basis. Our clients says, ” KheloMCX best on the accuracy levels in the industry.”
Final Order in respect of Yash Chawla (Sole Proprietor of M/s Khelo MCX Research Services) Page 4 of 27 6. The websites also made proclamations like: “First YOU Earn Then Pay Only 10% of YOUR Profit” while providing free trial and made outlandish claims such as “We provide 100% Returns in 18-24 Months” and “Earn 100% Profit in 3 Months”.
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Source: SecMarx — sebi:WTM/SM/WRO/WRO/14408/2021-22. 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.