Order in the matter of unregistered investment advisory activities by Zara Portal Proprietor - Mr. Anurag Jaiswal
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What is this order about?
SEBI ordered against Zara Portal, Proprietor Mr. Anurag Jaiswal for conducting unregistered investment advisory activities, using a fake SEBI-registered firm's identity to collect fees from investors.
Who it concerns
Zara Portal, Proprietor - Mr. Anurag Jaiswal
What was found or directed
- Unregistered investment advisory activities
- Violated Section 12(1) of SEBI Act read with IA Regulations 3(1)
- Violated PFUTP Regulations 3(a), (b), (c), (d), 4(2)(k) read with SEBI Act 12A(c)
- Collected ₹47,05,709.67 from investors
- No reply to show cause notice
- Barred from securities market (implied by enforcement order)
- Refund of fees to investors (implied by enforcement order)
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AS/WRO/32479/2026-27 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
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Documents
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Order
2026-07-09
ORDER_1783595114.pdf
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