SEBI issues ad-interim ex-parte order against Motivate Financial Services Pvt. Ltd., and it's directors from acting as Investment Advisor or Research analyst and prohibits them from soliciting or undertaking such activities in securities market directly or indirectly ; Notes that the parties solicited and induced investors to deal in securities on the basis of investment advice, stock trade tips, ideas, on it's website ; Observes that the characteristics and features of business activity carried out by parties prima facie leads to the conclusion that they were providing services of Investment Advisor and Research Analyst as defined in SEBI Investmennt Advisor Regulations ; States that Regulations seek to create a standardised operating structure within which Investment advisers and research analyst will make them duly accountable for their investment advice and research reports and ideas by requiring them to comply with the criteria set out.
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