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. The matter is currently pending. 

ยท      MOFSL has received Show Cause Notice dated July 4, 2024 under Rule 4 of the SEBI (Procedure for Holding Inquiry and imposing penalties) Rules, 1995 and Rule 4 of Securities Contracts Regulations (Procedure for Holding Inquiry and imposing Penalties) Rules, 2005. SEBI has initiated Adjudication Proceedings under section 15-I of SEBI Act, 1992 and 23 -I of Securities Contracts (Regulation) Act, 1956 in respect of MOFSL for alleged violations of certain SEBI Circulars noted during the course of comprehensive joint inspection for the period April 1, 2021 to June 30, 2022. Matter is currently pending.

  • 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 October 10, 2024 under Rule 4 of Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995 in the matter of MOFSL for thematic inspection conducted under the theme common / multiple mobile number and e-mail linked to UCC for the inspection period April 1, 2022 to August 31, 2023. Based on findings of examination, SEBI initiated adjudication proceedings under section 15-I of SEBI Act 1992 against MOFSL for violation of certain provisions of SEBI master circular dated May 22, 2024 & other securities laws. SEBI vide Order dated December 31, 2024 levied a penalty of Rs. 5 Lakhs on concern subject and the matter was closed.