Description
SEBI Appellate Authority order on RTI appeal concerning queries about alleged fraudulent trading activities conducted using appellant's Aadhar and PAN details on May 7, 2025.
Summary
The SEBI Appellate Authority disposed of Appeal No. 6647 of 2025 filed by Anil Kumar Tripathi against the CPIO’s response to his RTI application dated October 25, 2025. The appellant sought information about alleged unauthorized trading activities conducted using his Aadhar and PAN details on May 7, 2025, including details about a person named Udit (Alias Vasu) with client ID-7616. The Appellate Authority upheld the CPIO’s response, finding no deficiency in the information provided.
Key Points
- RTI application filed on October 25, 2025; CPIO response issued November 18, 2025; Appeal filed December 2, 2025
- Appellant alleged unauthorized trading on May 7, 2025 using his identification details (Aadhar and PAN)
- Alleged broker identified as person named Udit (Alias Vasu), client ID-7616
- SEBI stated trading activity details and QR code transaction information not maintained in normal course of regulation
- List of SEBI registered intermediaries available on SEBI website
- Information regarding investigations maintained confidentially; only regulatory actions taken are publicly disclosed on SEBI website
- Appellate Authority cited precedent from CIC order in Lakshminarayanan R vs. SEBI (February 9, 2023) regarding non-existent information
Regulatory Changes
No regulatory changes introduced. This is an appellate order on an RTI application.
Compliance Requirements
No new compliance requirements. The order clarifies:
- SEBI cannot provide information not maintained in normal course of regulation
- Information about investigations/examinations maintained confidentially
- Only regulatory actions taken by SEBI are publicly disclosed on website
Important Dates
- October 25, 2025: RTI application filed
- November 18, 2025: CPIO response issued
- December 2, 2025: Appeal filed (Reg. No. SEBIH/A/E/25/00319)
- May 7, 2025: Date of alleged unauthorized trading activities
Impact Assessment
This order has no market-wide impact as it pertains to an individual investor’s RTI appeal regarding alleged unauthorized trading. The order reaffirms SEBI’s position that:
- Individual trading transaction details are not maintained by SEBI
- Investigation details remain confidential
- Only concluded regulatory actions are publicly disclosed
The case highlights investor concerns about fraudulent trading activities but does not result in any regulatory action or policy change.
Impact Justification
Individual RTI appeal case with no broader regulatory implications or market-wide impact. Concerns personal investor complaint about alleged fraudulent trading.