Manoj Kumar Rathore of The Universe Research Accused of Violating SEBI Regulations
Indore, May 16, 2025 — The Securities and Exchange Board of India (SEBI) has issued an official warning letter to Mr. Manoj Kumar Rathore, proprietor of The Universe Research, Bhopal, for carrying out unregistered investment advisory activities in violation of SEBI regulations.
According to the notice from SEBI's Indore Local Office, Mr. Rathore (PAN: COOPR4641Q) was found to be offering securities market investment advisory services without obtaining the necessary registration under SEBI’s Investment Advisor framework.
This move highlights SEBI’s continued vigilance in curbing unauthorized market activities and protecting retail investors from unregulated financial advisors.
Note: Investors are strongly encouraged to verify the SEBI registration status of advisors before engaging in any investment activities.
Indore, May 16, 2025 — The Securities and Exchange Board of India (SEBI) has issued an official warning letter to Mr. Manoj Kumar Rathore, proprietor of The Universe Research, Bhopal, for carrying out unregistered investment advisory activities in violation of SEBI regulations.
According to the notice from SEBI's Indore Local Office, Mr. Rathore (PAN: COOPR4641Q) was found to be offering securities market investment advisory services without obtaining the necessary registration under SEBI’s Investment Advisor framework.
Key Details of SEBI's Action:
| Detail | Information |
|---|---|
| Name of Entity | The Universe Research |
| Proprietor | Mr. Manoj Kumar Rathore |
| Location | Bhopal, Madhya Pradesh |
| Nature of Violation | Unregistered investment advisory activities |
| SEBI Action Taken | Warning letter issued |
| Future Action Warning | SEBI may initiate legal action under SEBI Act, 1992, if violations continue |
| SEBI Office Handling Case | Indore Local Office |
Contents of the Warning Letter:
- SEBI stated that the advisory activities conducted by The Universe Research were in direct contravention of multiple provisions under the SEBI Act, 1992, and associated regulations.
- The letter, signed by SEBI official Vishal Gawande, emphasizes the seriousness of the unauthorized activity and warns Mr. Rathore to refrain from indulging in any unregistered securities market practices in the future.
- It also cautions that any further violations may attract legal proceedings without additional notice.
SEBI’s Position:
The warning letter is issued without prejudice to SEBI's right to take further legal or regulatory action. If Mr. Rathore is found in breach of SEBI norms again, the regulator may initiate prosecution or impose penalties as per the law.This move highlights SEBI’s continued vigilance in curbing unauthorized market activities and protecting retail investors from unregulated financial advisors.
Contact:
For any investor concerns or regulatory updates, stakeholders are advised to reach out to SEBI’s Indore Local Office at:- Phone: 0731-2557003 / 04 / 05
- Email: [email protected]
- Address: 104–105, 1st Floor, Satguru Parinay, Opp. C-21 Mall, A.B. Road, Indore – 452010, Madhya Pradesh
Note: Investors are strongly encouraged to verify the SEBI registration status of advisors before engaging in any investment activities.