SEBI issues final order against Priyanka Yadav over debarred individual's involvement

This is a final order by SEBI regarding Ms. Priyanka Yadav, the proprietor of Trade Money Research, concerning alleged violations of Research Analyst regulations, specifically regarding the involvement of a debarred individual in operations and compliance failures.

Ms. Priyanka Yadav (Proprietor of Trade Money Research, SEBI Registration No. INH000010991); Sandeep Yadav (identified as an associate/spouse in the findings).

• SEBI found that the Noticee's activities were carried out by a person (Sandeep Yadav) who was previously debarred by SEBI from dealing in the securities market.
• SEBI found that the Noticee contravened registration conditions and failed to comply with 'fit and proper' criteria due to association with the debarred individual.
• SEBI found that the Noticee failed to communicate to clients that operations were being run by a debarred person.
• SEBI found that the entity failed to conduct the mandatory annual audit by a member of ICAI or ICSI.
• The Designated Authority recommended the cancellation of the Noticee's registration certificate under Regulation 26(ii) of the SEBI (Intermediaries) Regulations, 2008.
• The Noticee argued that the allegations were based on presumptions and that she and her spouse are independent legal persons, requesting only a regulatory censure instead of cancellation.

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