SEBI finds Winway Research charged fees for overlapping Stock Option periods
This order addresses regulatory violations by Winway Research (Proprietor Mr. Ankur Jain), a registered Investment Adviser, regarding issues such as charging fees for overlapping service periods, receiving client funds in personal accounts, and failing to maintain records or resolve complaints.
Winway Research – Proprietor Mr. Ankur Jain (SEBI Registration No. INA000007492)
- SEBI found that the Noticee charged fees for the same product (Stock Option) for overlapping durations.
- SEBI found that the Noticee received money from a client in the personal bank account of an employee.
- SEBI found that the Noticee failed to maintain and submit call records to SEBI.
- SEBI found that the Noticee did not resolve SCORES complaints.
- The Designated Authority recommended a 'regulatory censure' against the Noticee.
- The order is based on an Enquiry Report dated November 18, 2024.
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Document details
| Official title | Enquiry Order in the matter of Winway Research Proprietor Mr Ankur Jain |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AS/WRO/WRO/31986/2025-26 |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |