Order in the matter of inspection of First Global Finance Private Limited (Portfolio Manager)
Plain-language summary (AI-generated) — a quick read so you don't have to open the full PDF. May contain errors; the original document below is authoritative.
What is this order about?
SEBI examined First Global Finance Private Limited (FGF), a registered Portfolio Manager, for allegedly outsourcing core portfolio management activities to Algo One AI Private Limited and making misleading marketing claims about performance.
Who it concerns
First Global Finance Private Limited, Ms. Devina Mehra, Mr. Neeraj Khanna
What was found or directed
- SEBI found FGF outsourced core portfolio management to Algo One in violation of PMS Regulations
- SEBI found FGF made misleading performance claims in marketing materials
- SEBI ordered FGF to cease outsourcing core investment activities
- SEBI ordered FGF to remove misleading advertisements
- SEBI ordered FGF to restrict accepting new business or additional contributions from existing clients
- SEBI ordered a forensic audit covering April 1, 2021 to December 31, 2023
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
Auto-generated, neutral observations. Auto-generated from public documents. May contain errors. Not legal or financial advice. Always verify against the linked original document. KaunZimmedar is a platform, not an authority.
No automated observations for this document. Read the documents below directly.
Documents
The original government PDF is the authoritative source — shown below, or open it full-screen in a new tab.
Order
2026-05-26
1779810509185.pdf
Tap “Open the PDF” above to view this document.
Discussion (0)
Citizens discussing these documents. A discussion space — nothing here is verified fact or an official finding. Reading is free; sign in to take part.
Open discussion (0) →