https://www.taxtmi.com/caselaws?id=767870 The Securities Appellate Tribunal at Mumbai upheld penalties against a research analyst for multiple regulatory violations. The appellant failed to properly sign and date research reports, maintain records of recommendations, and ensure independence between research activities and other business divisions. The tribunal rejected claims that WhatsApp/Telegram publications don't constitute public appearances requiring disclosures. Penalties under sections 15A(c), 15EB, and 15HA were upheld for violations including failure to maintain arm's length relationships between business activities, inadequate disclosures, and providing misleading information with assured returns promises. The tribunal found the violations multiple and repetitive, justifying the imposed penalties. en-us Fri, 14 Feb 2025 00:00:00 +0530 Thu, 27 Mar 2025 08:36:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767870 The Securities Appellate Tribunal at Mumbai upheld penalties against a research analyst for multiple regulatory violations. The appellant failed to properly sign and date research reports, maintain records of recommendations, and ensure independence between research activities and other business divisions. The tribunal rejected claims that WhatsApp/Telegram publications don't constitute public appearances requiring disclosures. Penalties under sections 15A(c), 15EB, and 15HA were upheld for violations including failure to maintain arm's length relationships between business activities, inadequate disclosures, and providing misleading information with assured returns promises. The tribunal found the violations multiple and repetitive, justifying the imposed penalties. Case-Laws SEBI Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767870