https://www.taxtmi.com/caselaws?id=767759 The Securities Appellate Tribunal at Mumbai upheld SEBI's penalty against an investment advisory firm for multiple regulatory violations. The tribunal found the firm guilty of 9 out of 13 alleged violations including KYC non-compliance, inadequate risk profiling, failure to conduct suitability assessments, improper disclosure practices, and charging excessive fees. The tribunal rejected the firm's challenges regarding procedural delays, double jeopardy, and natural justice denial. However, considering some violations were not established, the tribunal reduced the penalty from Rs. 1 crore to Rs. 70 lakhs, emphasizing the need to protect market integrity and investor interests. en-us Wed, 05 Mar 2025 00:00:00 +0530 Tue, 25 Mar 2025 08:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767759 The Securities Appellate Tribunal at Mumbai upheld SEBI's penalty against an investment advisory firm for multiple regulatory violations. The tribunal found the firm guilty of 9 out of 13 alleged violations including KYC non-compliance, inadequate risk profiling, failure to conduct suitability assessments, improper disclosure practices, and charging excessive fees. The tribunal rejected the firm's challenges regarding procedural delays, double jeopardy, and natural justice denial. However, considering some violations were not established, the tribunal reduced the penalty from Rs. 1 crore to Rs. 70 lakhs, emphasizing the need to protect market integrity and investor interests. Case-Laws SEBI Wed, 05 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767759