Markets Securities & Exchange Board
SEBI cancels Elite Investment Adviser's registration for assured returns, record failures
This is a final order by SEBI regarding the inspection of Elite Investment Advisory Services, finding that the proprietor violated multiple regulations including promising assured returns and failing to maintain proper records.
SEBI has cancelled the investment adviser registration of the individual.
Who it concerns: Rajiv Kumar Singh (Proprietor of Elite Investment Advisory Services)
What SEBI found or ordered
- Cancellation of SEBI Registration No. INA000003668
- Finding of violation for promising assured returns and recovery of losses
- Finding of failure to conduct risk profiling and suitability assessments
- Finding of charging fees in excess of the prescribed limit of INR 1.25 lakh per client
- Finding of failure to maintain client records and disclose material information
- Finding of non-cooperation and deliberate hindrance of the SEBI inspection
- Noticee accepted the recommendation for cancellation in a reply dated January 07, 2026
Also in the document
- The order is a Final Order, not an interim measure.
- The Noticee did not appear for the personal hearing scheduled for February 03, 2026, despite reminders.
- The inspection covered the period from April 01, 2022, to December 31, 2023.
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The original document
Securities & Exchange Board of India (SEBI) — enforcement orders
Regulatory order · 25 Mar 2026
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