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.
Rajiv Kumar Singh (Proprietor of Elite Investment Advisory Services)
- 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
Written from the document by AI, and checked against it. The original below is authoritative.
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Document details
| Official title | Final Order in respect of inspection of Elite Investment Advisory Services |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |