The Noticee no. 1 provided unregistered investment advisory ...

Unregistered advisory services to 290 investors earned INR 12 cr. Show Cause Notice for disgorgement, prohibition, penalties.

Case Laws SEBI

August 16, 2024

The Noticee no. 1 provided unregistered investment advisory services to 290 investors from March 2020 to August 2023, earning over INR 12 crore. Noticees 4 and 5 are liable for the acts of Noticee 1. Show Cause Notice issued for potential directions: disgorgement of gains with interest, securities market prohibition, penalties for unregistered advisory and PFUTP violations, and non-compliance penalty. Noticees have 21 days to respond. The Order is immediately enforceable, without prejudice to further actions.

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The Noticee no. 1 provided unregistered investment advisory ...

Unregistered advisory services to 290 investors earned INR 12 cr. Show Cause Notice for disgorgement, prohibition, penalties.

Case Laws SEBI

August 16, 2024

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