For providing unauthorized trading tips to its clients SEBI has banned Money Plus Research Advisory from accessing the stock market exchange.
The firm has been asked to refund the money received from the clients as fees or in any other form in respect of their unregistered investment advisory activities.
They were providing investment advisory services without having the registration as mandated under the investment advisor regulations.
The two-year ban will be in place from the date of this order or till the expiry of two years from the date of completion of refunds to investors.
In this video, we will have a detailed discussion regarding why SEBI Banned Money Plus Reasearh advisory.
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