sebi:WTM/SM/WRO/WRO/23160/2022-23
This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.
Facts / Headnote
Violations of IA Regulations, PFUTP Regulations and SEBI Act established against Pinnacle for defective risk profiling, unsuitable advice, unfair fees, advance fees, assured returns, unresolved grievances and inspection non-cooperation; matter proceeded for directions and penalty under Sections 15HA and 15HB read with Section 15J.
Provisions invoked
- s. 11B
- s. 11
- s. 15
- s. 19
- s. 12A
- s. 15H
- s. 15J
- s. 15F
- s. 15E
Regulations
- Reg. 3
- Reg. 13
- Reg. 2(1)(c)
- Reg. 16
- Reg. 9
- Reg. 17
- Reg. 25
- Reg. 15
- Reg. 3(a)
- Reg. 13(a)
- Reg. 23
- Reg. 21(1)
- Reg. 15(3)
- Reg. 15(1)
- Reg. 28
- Reg. 15(9)
- Reg. 35
- Reg. 21
- Reg. 2(1)(c)(1)
- Reg. 51
Parties
- Pinnacle Market Investment Advisory Private Limited
Holding
Pinnacle Market Investment Advisory Private Limited violated registration conditions, risk-profiling, suitability, fee, grievance-redressal and inspection obligations under the IA Regulations and engaged in misleading assured-returns conduct violating PFUTP Regulations and SEBI Act.
Full text
__________________________________________________________________________________ Final Order in the matter of Pinnacle Market Investment Advisory Private Limited Page 2 of 46
__________________________________________________________________________________ Final Order in the matter of Pinnacle Market Investment Advisory Private Limited Page 3 of 46
__________________________________________________________________________________ Final Order in the matter of Pinnacle Market Investment Advisory Private Limited Page 4 of 46
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Source: SecMarx — sebi:WTM/SM/WRO/WRO/23160/2022-23. 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.