Rs 5 cr fine for acting as unregistered investment advisor

A very welcome move by SEBI to curb wrongful practices of unregistered players.

Some guys were acting as investment advisors offering stock tips through SMS and websites without being registered with SEBI as investment advisors. SEBI got hold of the messages these guys were sending and passed an order penalising them for the act.

Please read the SEBI order completely.

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