SEBI in communication with Mr.Anirudh Sethi had said -
*He can write about Stock Market and Trends -but only on Technical Basis.
*Mr.Anirudh Sethi cannot take fees ......but if other are taking SEBI is not having any problem
*SEBI had said to Mr.Anirudh Sethi .... TV Media or Print Media can say or write any Company NEWS ,No individual has this right.
On Technical Analysis ,Mr.Anirudh Sethi can write.But when asked to pass this order ...SEBI says we cannot pass this order.But we dont have any problem if you write on Basis of chart.
Friday, April 18, 2008
Thursday, April 17, 2008
SEBI ORDER- CASE OF ISOLATION
Dear Readers ,Traders and Investors.
Just if u had read the order http://www.cdslindia.com/whatsnew/Annexure-A-SEBI-Order-against-Anirudh-Sethi-and-SMN.pdf ( Just read carefully ..once ,twice or thrice )
-This order had created History after 1947 ,Mr.Anirudh Sethi is the first person in India to be banned from writing.
-SEBI in order writes :1 ) Mr.Anirudh Sethi had given Advertisment to make Clients by paying fees.
2)SEBI says acted as Portfolio Manager with SEBI registration.
3)Given Company Specific NEWS
Now after reading Order and just see above mentioned 3 points -SEBI had passed order to Mr.Anirudh Sethi and SMN TEAM to to cease and desist from giving investment advice to clients including any recommendations containing company specific news which amounts to violation of Regulation 4(1) read with Regulation 2(1)(c)(5) and Regulation 4(2)(k)and 4(2)(r) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating toSecurities Market) Regulations, 2003.
Now ,Just Think :
-So Mr.Anirudh Sethi is alone in India ....Who had given Advertisment ??
*Now also Thousands of Analyst are giving Advertisments and taking fees
-So Giving Advice is acting like Portfolio Manager ?
*If so then Thousands of Analyst are giving Advice on Website ,Print Media and on TV ...are they registered with SEBI ???
-Company NEWS ...Mr.Anirudh Sethi had written and was denied by Companies.
*So --What Pink Paper are doing from Years ?What Media Channels are doing ??What other Analysts are doing ??
So..........What u say ..........??Mr.ANIRUDH SETHI is only person who had done these errors.
-What u say......Nobody else had done or doing ??
Just Think --Think & Think (मेरा भारत माहन )
ANIRUDH SETHI -SEBI ORDER
ORDER AGAINST SHRI ANIRUDH SETHI AND THE BUSINESS NAME “STOCK MARKET NAVIGATOR”(SMN)
SEBI has directed Shri Anirudh Sethi and the business name “Stock Market Navigator” (SMN) to cease and desist from giving investment advice to a client including any recommendations containing company specific news which amounts to violation of Regulation 4(1) read with Regulation 2(1)(c)(5) and Regulation 4(2)(k) and 4(2)(r) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003. Further, Shri Anirudh Sethi and the business name “Stock Market Navigator”(SMN) are also directed to cease and desist from acting as an unregistered portfolio manager until they are registered with the Board in terms of Section 12 of SEBI Act read with Regulation 3 of SEBI (Portfolio Managers) Regulations, 1993. The order was passed by Shri G Anantharaman, Whole Time Member, SEBI on January 19, 2007. Shri Anirudh Sethi and the business name “Stock Market Navigator” (SMN), disseminated company specific information through advertisement on print and electronic media which has been denied by the company and in respect of which the company had not sent any notice to the Stock Exchanges as statutorily required under Listing Agreement. This is a clear case of an attempt to mislead the investors by indulging in activities prejudicial to the price discovery mechanism of the Stock Exchange. Hence, Shri Anirudh Sethi and the business name “Stock Market Navigator” (SMN) has violated the above said provisions of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003. Further, it prima-facie appears that Shri Anirudh Sethi and the business name “Stock Market Navigator” (SMN) acted as a “Portfolio Manager” without obtaining registration from SEBI to act as a “Portfolio Manager” as required under Section 12 of SEBI Act, 1992 and Regulation 3 of the SEBI (Portfolio Managers) Regulations, 1993. The investors are also cautioned to take informed investment decisions without being influenced by such recommendations given in the public media. The print and electronic media have a wide reach. Therefore, they have a responsibility cast on them for exercising due care and diligence to ensure that such persons do not misuse the power and credibility of the media for illegal pecuniary gains.
SEBI has directed Shri Anirudh Sethi and the business name “Stock Market Navigator” (SMN) to cease and desist from giving investment advice to a client including any recommendations containing company specific news which amounts to violation of Regulation 4(1) read with Regulation 2(1)(c)(5) and Regulation 4(2)(k) and 4(2)(r) of SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003. Further, Shri Anirudh Sethi and the business name “Stock Market Navigator”(SMN) are also directed to cease and desist from acting as an unregistered portfolio manager until they are registered with the Board in terms of Section 12 of SEBI Act read with Regulation 3 of SEBI (Portfolio Managers) Regulations, 1993. The order was passed by Shri G Anantharaman, Whole Time Member, SEBI on January 19, 2007. Shri Anirudh Sethi and the business name “Stock Market Navigator” (SMN), disseminated company specific information through advertisement on print and electronic media which has been denied by the company and in respect of which the company had not sent any notice to the Stock Exchanges as statutorily required under Listing Agreement. This is a clear case of an attempt to mislead the investors by indulging in activities prejudicial to the price discovery mechanism of the Stock Exchange. Hence, Shri Anirudh Sethi and the business name “Stock Market Navigator” (SMN) has violated the above said provisions of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003. Further, it prima-facie appears that Shri Anirudh Sethi and the business name “Stock Market Navigator” (SMN) acted as a “Portfolio Manager” without obtaining registration from SEBI to act as a “Portfolio Manager” as required under Section 12 of SEBI Act, 1992 and Regulation 3 of the SEBI (Portfolio Managers) Regulations, 1993. The investors are also cautioned to take informed investment decisions without being influenced by such recommendations given in the public media. The print and electronic media have a wide reach. Therefore, they have a responsibility cast on them for exercising due care and diligence to ensure that such persons do not misuse the power and credibility of the media for illegal pecuniary gains.
Who is ANIRUDH SETHI
Anirudh Sethi ,A Leading Technical Analyst of India.He is in field of Stock Market from last 18 yrs.And started writing for Newspapers since year 1992.And from year 1997 to 2001 was writing weekly column for leading Financial Newspaper -BUSINESS-STANDARD.
Then for 6 yrs was writing for website on Daily basis for Day Traders.(From Year 2001 to 2007 )
Most Respected name in Technical Analysis.
When he started writing in Newspaper about Technical Analysis...Nobody in India ever thought about this field.At that time only 2-3 chartist were writing or were having knowledge.
What happened to ANIRUDH SETHI ?What went wrong....Where is this gem now ??
Then for 6 yrs was writing for website on Daily basis for Day Traders.(From Year 2001 to 2007 )
Most Respected name in Technical Analysis.
When he started writing in Newspaper about Technical Analysis...Nobody in India ever thought about this field.At that time only 2-3 chartist were writing or were having knowledge.
What happened to ANIRUDH SETHI ?What went wrong....Where is this gem now ??
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