BSE : Order In the matter of Pinnacle Market Investment Advisory Private Limited.
January 25, 2023 at 07:18 am
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NOTICES
Notice No.
20230125-21
Notice Date
25 Jan 2023
Category
Compliance
Segment
General
Subject
Order In the matter of Pinnacle Market Investment Advisory Private Limited.
Attachments
Final Order in the matter of Pinnacle Market Investment Advisory Private Limited.pdf ;
Content
To<_o3a_p>
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All Trading Members of the Exchanges<_o3a_p>
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Sub: Order In the matter of Pinnacle Market Investment Advisory Private Limited.<_o3a_p>
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SEBI vide its order no. WTM/SM/WRO/WRO/23160/2022-23 dated January 25, 2023, has inter-alia issued following direction:<_o3a_p>
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The Noticees are hereby restrained and prohibited from buying, selling or otherwise dealing in the securities market, directly or indirectly in any manner whatsoever manner, for a period of three (3) years from the date of this Order or till the expiry of three (3) years from the date of resolution of complaints/complete repayment of refunds to complainants as directed at paragraph 54.1, whichever is later.<_o3a_p>
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Obligation of the debarred Noticees, in respect of settlement of securities, if any, purchased or sold in the cash segment of the recognized stock exchange(s), as existing on the date of this Order, can take place irrespective of the restraint/prohibition imposed by this Order in respect of pending transactions, if any. Further, all open positions, if any, of the aforesaid debarred Noticees in the F&O segment of the stock exchange, are permitted to be squared off, irrespective of the restraint/prohibition imposed by this Order.<_o3a_p>
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This Order is effective from the date of the order.<_o3a_p>
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A copy of the said Order is attached herewith and available on the SEBI websitewww.sebi.gov.in.<_o3a_p>
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Trading members are advised to take note of the same and ensure compliance.<_o3a_p>
BSE Ltd. published this content on 25 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 January 2023 12:17:00 UTC.
BSE Limited is an India-based stock exchange company. The Company provides a transparent market for trading in equity, debt instruments, equity derivatives, currency derivatives, interest rate derivatives, mutual funds and stock lending and borrowing. The Company operates through Facilitating Trading in Securities and other related ancillary Services segments. It also has a platform for trading in equities of small and medium enterprises (SMEs). It also provides a host of other services to capital market participants, including risk management, clearing, settlement, market data services and education. Its systems and processes are designed to safeguard market integrity, drive the growth of the Indian capital market, and stimulate innovation and competition across all market segments. Its Direct is a Web based platform for Individual Investors to participate in Government Security (G-Sec) and Treasury Bill (T-Bill) issued by the Government of India.