Sebi bans 3 individuals from markets for unauthorised investment advisory
Capital markets regulator Sebi has barred three individuals from the securities markets for providing unauthorised investment advisory services.
Besides, they have been restrained from the securities markets for six months.
The present proceedings emanate from a show cause notice dated July 31, 2021 issued by Sebi to RNS Global Capital and its proprietors' -- Lakhan Chouhan, Rohit Soni and Shivani Thakur -- alleging that they were engaged in unauthorised investment advisory services.
Sebi had come across a website which belonged to RNS Global Capital in the archived pages as the web page is not active.
On perusal of the web pages, it found prima facie that -- Chouhan, Soni and Thakur -- were engaged in giving advice relating to investing in, purchasing or dealing in securities or investment products, through their website.
Chouhan, Soni and Thakur have been collectively referred to as noticees.
The amount of money to have been collected by the noticees was Rs 1.20 crore for the p