2017-TIOLCORP-02-SEBI
Capitalvia Global Research Ltd
Whether it amounts to violations of Investment Adviser Regulations when an investment adviser has not disclosed material information to its clients and failed to exercise due diligence to ensure adherence to the prescription of the law - YES: SEBI
Whether non-dissemination of restraint orders of SEBI to clients and public at large which otherwise would have affected future clients amounts to serious violation of fiduciary obligation to disclose on the part of investment adviser - YES: SEBI
Whether it amounts to breach of code of conduct when all representatives of investment adviser had not complied with the certification requirements specified in the SEBI IA Regulations - YES: SEBI
Whether charging exorbitant fees from clients is in consonance with the Investment Adviser Regulations, although there is no cap on fees under the Regulations - NO: SEBI
- Directions Imposed: SECURITIES AND EXCHANGE BOARD OF INDIA