Sebi warns investors against dealing with Trading India Portfolios Ltd
PrintListen to this Article
Sebi has warned investors against dealing with Trading India Portfolios Ltd (TIPL) and its chairman Ankush Srivastava after the regulator observed that the firm has placed false and misleading information related to portfolio management and stock broking services on its website.
"TIPL is not registered with SEBI in any capacity and the registration details given on its website are false," the regulator said.
Rules mandate for an entity to obtain registration from Sebi before operating as a portfolio manager or stock broker.
"In this context, the general public is hereby cautioned against dealing with Trading India Portfolios Ltd /TIPL Ltd and its Chairman & CMD Mr. Ankush Srivastava. The public in general is also advised against being misled by similar advertisements which solicit investments and/ or promise unrealistic returns," Sebi said. (Economic Times)
Category : SEBI | Comments : 0 | Hits : 314
SEBI Mandates AIFs to Upload NAV Data on Depository Platforms To strengthen disclosure standards and streamline processes, the Securities and Exchange Board of India (SEBI) has instructed Alternati...
India's securities regulator has accused current and former executives at the local units of PwC and EY, among others, of breaching insider trading rules involving a 2022 share sale by Yes Bank, a...
A financial influencer, also known as finfluencer, who was also involved in imparting training related to stock market trading has been asked to part with a little over ?12 crore, which it made unlawf...
Comments