Unsolicited calls-SMS on trading tips-SEBI cautions public on guaranteed profits assurance.

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Unsolicited calls-SMS on trading tips-SEBI cautions public on guaranteed profits assurance providers. List of entities against whom orders passed .

Unsolicited calls-SMS on trading tips

Securities & Exchange Board of India

SEBI cautions public on unsolicited calls/ SMS

It has come to the notice of SEBI that many entities have been luring investors through unsolicited calls/SMS and assuring guaranteed profits on the trading tips provided by them. It is observed that this activity is carried out mostly by the entities based in Madhya Pradesh and Gujarat.

In this context, investors are cautioned to:

i. deal with only SEBI registered intermediaries and check their registration status on the SEBI website www.sebi.gov.in before availing the services.

ii. be wary of any misleading advertisements which solicit investments in securities market assuring guaranteed profits.

iii.  to take informed investment decision without being influenced by trading tips.

Under the provisions of SEBI Act, 1992, read with SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014, no person shall act as an investment adviser or a research analyst without obtaining a certificate of registration from SEBI. Engaging in the investment advisory/ research activity without registration from SEBI may entail initiation of strict action as deemed appropriate under the SEBI Act, 1992.

SEBI has already taken action against various entities for acting as unregistered investment adviser. The list of the entities against whom orders have been passed is given below.

Order in respect of unregistered/ registered investment advisers  U/s 11 of the SEBI Act, 1992
S. No. Name of the Entity Date of Order
1. Mr. Mansoor Rafiq Khanda and Mr. Firoz Rafiq Khanda 15.09.2014
2. Money world Research and Advisory Pvt.  Ltd. 02.12.2014
3. Global Mount Money Research and Advisory Pvt. Ltd. 12.03.2015
4. Mr. Ravi Chouksey (proprietor of Gravita Research Company) 04.06.2015
5. HBJ Capital Services Private Limited & HBJ Capital Ventures LLP 15.06.2015
6. Orange Rich Financials 08.07.2015
7. Go Capital 30.12.2015
8. Mr. Priyansh Patodi (Proprietor of MMF Solutions) 05.01.2016
9. Asian Corporate Consultancy 03.03.2016
10. Indian Stock Tips and Indira Trading Company 17.03.2016
11. Mr. Anirudh Sethi 26.05.2016
12. Singhania Media Solutions Private Limited 06.10.2016
13. Motivate Financial Services Private Limited  04.11.2016
14. CapitalVia Global Research Ltd. 11.11.2016
15. Operator Tips Global and Saanjh Advisory (OPC) Private Limited. 28.11.2016

The orders are also available on SEBI website at www.sebi.gov.in.

Mumbai

December 16, 2016

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