SEBI finds Shrimoney proprietor violated regulations by guaranteeing returns
This is a final order by SEBI regarding Punit Kumar, the proprietor of Shrimoney (a registered Research Analyst), concerning alleged violations of regulations related to guaranteeing returns and failing to maintain required disclosures and records.
Punit Kumar (Proprietor of Shrimoney – Research Analyst), SEBI Registration No. INH000008844
- SEBI found that the Noticee guaranteed returns and misled clients in violation of PFUTP Regulations and RA Regulations.
- SEBI found that the Noticee failed to make required disclosures under Regulation 19 of RA Regulations.
- SEBI found that the Noticee did not maintain records of the rationale for research recommendations as required under Regulation 25 of RA Regulations.
- The Designated Authority recommended prohibiting the Noticee from taking new clients for one month.
- The order is issued under Section 12(3) of the SEBI Act, 1992, and Regulation 27 of the SEBI (Intermediaries) Regulations, 2008.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Document details
| Official title | Order in respect of Punit Kumar, Propietor of Shrimoney - Research Analyst. |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | WTM/AN/MIRSD/MIRSD-SEC-6/31706/2025-26 |
| Status | closed (order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |