Markets Securities & Exchange Board
SEBI suspends research analyst's certificate for one month
This order addresses regulatory violations by Seema Jain, a SEBI-registered Research Analyst, including failure to maintain valid certifications, record-keeping issues, and trading during restricted periods.
SEBI examined these findings to determine appropriate disciplinary action under the Intermediaries Regulations.
Who it concerns: Seema Jain (SEBI Registration No. INH100006667)
What SEBI found or ordered
- SEBI found the Noticee in violation of all alleged contraventions, including lack of requisite NISM certification, non-maintenance of records, and trading during restricted periods.
- The Designated Authority recommended suspension of the certificate of registration for one month.
- SEBI noted that the Noticee had already been imposed a penalty of ₹5,00,000/- through a previous adjudication order for the same set of violations.
- SEBI denied the request for a personal hearing at the post-enquiry stage because the recommendation was for suspension, not cancellation.
Also in the document
- The order notes that the Noticee was providing research analyst services in the name of 'StockPro', a partnership firm, despite being registered as an individual.
- The inspection period covered April 1, 2021, to October 31, 2022.
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The original document
Securities & Exchange Board of India (SEBI) — enforcement orders
Regulatory order · Ref. WTM/AS/MIRSD/MIRSD-SEC-4/32234/2025-26 · 18 Mar 2026
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