SEBI finds investment advisor misled clients with assured returns
This is a final order by SEBI regarding M/s Trade Nexa Research Investment Advisor (Prop-Minakshi Asavani), examining violations of regulations related to investment advice, including misleading clients with assured returns and failing to maintain required records.
M/s Trade Nexa Research Investment Advisor (Prop-Minakshi Asavani)
- SEBI found that the Noticee misled clients by giving assurances regarding fixed returns.
- SEBI found that the Noticee failed to comply with statutory obligations regarding applicable circulars, rules, and regulations.
- Violations of the SEBI Act, PFUTP Regulations, and IA Regulations were established.
- A separate adjudication order (dated August 13, 2025) penalized the Noticee for these violations.
- SEBI initiated recovery proceedings for the penalty via a Notice of Attachment dated December 23, 2025.
- The Noticee was granted time until March 31, 2026, to make the penalty payment along with interest.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Document details
| Official title | Final Order in respect of Trade Nexa Research Investment Advisor Prop-Minakshi Asavani |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/AK/DS/2025-26/31592-31594 |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |