"Silence" is the best response, says options trader PR Sundar after SEBI settlement
Options trader PR Sundar has settled a case with the markets regulator SEBI by returning the advisory fee and disgorging over Rs 6 crore. The case was related to Mansun Consulting offering investment advice without the necessary registration from the market regulator. Following various complaints, SEBI issued show cause notices to the entities. The settlement was agreed upon by the entities, with a settlement amount of Rs 15.6 lakh each, and a disgorgement amount of Rs 6.07 crore, among other penalties. The entities have also agreed to refrain from buying, selling, or otherwise dealing in securities in India for a year.