Adjudication Order in the matter of Goodwill Wealth Management Private Limited
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What is this order about?
SEBI issued an order against Goodwill Wealth Management Private Limited (GMWPL) for alleged violations of securities regulations related to client order authorization, complaint redressal, and outsourcing of compliance functions.
Who it concerns
Goodwill Wealth Management Private Limited
What was found or directed
- Violated Clause 35.2, 35.3, 35.4, 35.5 of SEBI Master Circular for Stock Brokers
- Violated Clause 86.5.1 of SEBI Master Circular for Stock Brokers
- Violated Clause A (2) and A (5) of Schedule II of code of conduct for stock brokers
- Violated NSE circular NSE/INSP/67132 dated March 13, 2025
- Violated Regulation 3.2.1 of NSE (Capital Market) Trading Regulations, 1994
- Violated Regulation 3.4.1 of NSE (Futures & options) Trading Regulations, 2000
- Settled 37 complaints related to unauthorized trading by making payments
- Failed to maintain pre-order confirmation for 50 orders
- Failed to maintain documentary records for complaint redressal
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/SM/BK/2026-27/32391 |
| Status | closed (section: order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2026-04-28
ORDER_1777369973.pdf
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