Pending Inquiry Proceedings of Motilal Oswal Financial Services Limited by SEBI

  • Motilal Oswal Financial Services Limited (MOFSL) has received Show Cause Notice under sections 11(1), 11(4), 11(4A), 11B(1) and 11B (2) of SEBI Act, r/w rule 4(1) of SEBI (Procedure for holding inquiry and imposing penalty ) Rules, 1995, in the matter of CNBC Awaz Show Co-hosted by Mr. Hemant Ghai. It is inter alia alleged that MOFSL did not ensure adequate supervision of its Authorized Person (AP) MAS Consultancy Services. Further, SEBI vide Order dated March 19, 2025 levied a penalty of Rs. 5 Lakhs on concerned subject and the matter is closed.

  • MOFSL has received Show Cause Notice dated August 27, 2024 under Rule 4(1) of the SEBI (Procedure for Holding Inquiry and imposing penalties) Rules, 1995. SEBI has initiated Adjudication Proceedings under section 15-I of SEBI Act, 1992 in respect of MOFSL for alleged violations of certain SEBI Circulars noted during the course of thematic inspection under the theme control over authorized persons for the period April 1, 2022 to January 31, 2024. Matter is currently pending. 

  • MOFSL has received Show Cause Notice dated September 27, 2024 under Rule 4(1) of the SEBI (Procedure for Holding Inquiry and imposing penalties) Rules, 1995. SEBI has initiated Adjudication Proceedings under section 15HB of SEBI Act, 1992 and in respect of MOFSL for alleged violations of certain SEBI Circulars noted during the course of comprehensive joint inspection for the period April 1, 2022 to October 31, 2023. Matter is currently pending. 

  • MOFSL has received Show Cause Notice dated October 8, 2024 under Rule 4(1) of Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 in the matter of TradeTron and other Algo Platforms. Based on findings of examination, SEBI initiated adjudication proceedings under section 15HB of SEBI Act 1992 against MOFSL for association with Tradetron for violation of SEBI circular dated September 2, 2022 & SEBI Stock Broker Regulations 1992. Matter is currently pending.

  • MOFSL has received Show Cause Notice dated February 20, 2025 from SEBI u/s 11B(2) in the matter of dealings of client Rajni Chaturvedi. Matter is pending.