SEBI cancels CapitalVia's adviser registration over profit guarantees and fee violations

This order addresses the cancellation of the Investment Adviser registration for CapitalVia Global Research Limited following an inspection that found multiple regulatory violations, including guaranteeing profits to clients and failing to follow suitability and disclosure norms.

Who it concerns: CapitalVia Global Research Limited

What SEBI found or ordered

• SEBI recommended the cancellation of the Noticee's Investment Adviser registration certificate (INA200001512).
• SEBI found that the Noticee guaranteed profits or returns to clients.
• SEBI found that the Noticee charged unreasonable fees to clients.
• SEBI found that the Noticee failed to conduct proper risk profiling and suitability assessments.
• SEBI found that the Noticee failed to make required disclosures to clients.
• SEBI noted that the Noticee's registration had expired on April 8, 2024, and was not renewed.
• Several other alleged violations, such as generating artificial volume and non-compliance with certification requirements, were dropped by the Designated Authority.

Also in the document

• The proceedings were initiated based on an inspection covering the period from April 1, 2020, to March 31, 2021.
• The Noticee's registration certificate had already expired prior to the final order, which SEBI cited as a factor in recommending cancellation.