June 16, 2018

Update on Profiquity 16th June 2018

Profiquity has stopped sending sending the email newsletters to old HBJ clients.

They have not stopped their twitter marketing and facebook marketing.

Mr. Raman, who passed the order on HBJ and Osar Capital has retired from SEBI. However, the official in his place might soon take up complaints on Profiquity.

SEBI is collecting all the information about Profiquity through the lawyer retained by 4 former HBJ clients.

Nishant Chauhan of Profiquity threatened legal action against this Blog in Jan, 2018.

The owner of this Blog has not received any legal notice OR reply to this post (http://logtk.blogspot.com/2018/01/reply-to-nishant-chauhan-of-profiquity.html)

SEBI has received formal complaints from former HBJ clients who are very unhappy with the nexus between HBJ and Profiquity.

These 4 clients have been solicited by Profiquity during the time frame June 2016-Jan 2017.

Based on SEBI's investigation and its outcome, these former HBJ clients will consider appropriate legal action.

The owner of this blog requests all potential investors to become a subscriber of the website (Safal Niveshak) and avoid frauds like Profiquity.


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