In its order passed on Tuesday, the regulator found that the persons were engaged in providing investment advisory services without obtaining registration from Sebi as required under the IA (Investment Advisers) Regulations. By providing such services, they collected Rs 82.52 lakh from investors.
Market regulator Securities and Exchange Board of India (SEBI) has barred for two years Chandrapratap Singh Naruka and Amarjeet Singh Trehan (noticees) from W Gain Research & Development.Com (WGRD) for providing illegal investment advisory services.
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