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09/20/2023 | Press release | Distributed by Public on 09/20/2023 09:28

Enquiry Order in the matter of Nishant Chopra (Proprietor of Dezire Research), Investment Adviser.

NOTICES
Notice No. 20230920-56 Notice Date 20 Sep 2023
Category Compliance Segment General
Subject Enquiry Order in the matter of Nishant Chopra (Proprietor of Dezire Research), Investment Adviser.
Content

To<_o3a_p>

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All Trading Members of the Exchanges<_o3a_p>

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Sub: Enquiry Order in the matter of Nishant Chopra (Proprietor of Dezire Research), Investment Adviser.<_o3a_p>

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In continuation to the Exchange Notice No. 20210823-1 dated August 23, 2021, on the captioned matter.<_o3a_p>

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SEBI vide its order no. QJA/GR/WRO/WRO/29294/2023-24 dated September 20, 2023, has inter-alia issued following directions:<_o3a_p>

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· While disposing of/suspending the directions issued vide interim order dated February 03, 2021 and confirmed vide order dated August 20, 2021, hereby censure Mr. Nishant Chopra (Proprietor of Desire Research) having SEBI registration number - INA000004104 and direct him to refrain from indulging in such unfair trade practices in future or in any other similar act whatsoever, so as to violate the sanctity of the SEBI Act, 1992 and the Rules and Regulations made thereunder including the SEBI (Investment Advisers) Regulations, 2013, both in letter and in spirit, which are detrimental to the interest of the shareholders and prejudicial to the interest of the investors of securities market.<_o3a_p>

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This Order is effective from the date of the order.<_o3a_p>

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A copy of the said Order is attached herewith and available on the SEBI website www.sebi.gov.in.<_o3a_p>

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Trading members are advised to take note of the same and ensure compliance.<_o3a_p>

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Jeevan Noronha Vinayak Bhalavi<_o3a_p>

Regulatory Correspondence Regulatory Correspondence<_o3a_p>

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Date: September 20, 2023<_o3a_p>