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Reputation: 642,713  •  May 27, 2023 1:06 AM
Options trader PR Sundar settles investment advisory case with Sebi, to not deal in securities for a year
Options trader PR Sundar settles investment advisory case with Sebi, to not deal in securities for a year
Options trader P R Sundar settled a case with Sebi by returning the advisory fee and disgorging over Rs 6 crore. This was related to Mansun Consulting, of which he is a promoter, offering investment advice without registration. Sebi found various complaints about Sunar running a website and offering packages for advisory services, which were communicated to clients. Upon inquiry, recommendations provided by Mansun were found to fall under the category of "investment advice".The entities agreed to pay Rs 46.8 lakh and a disgorgement amount of Rs 6.07 crore, along with refraining from dealing in securities in India for a year.
The Economic Times

https://economictimes.indiatimes.com/markets/stocks/news/...
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