Sebi: Sebi crackdown reinforces need for registration
On November 22, the market regulator penalised and barred P Krishnakumar and Jagadeeshan S for a year for giving illegal investment advisory services and ordered them to refund over ₹30 lakh collected as fees through astrology-based prediction packages sold on the website www.ymforecast.com. The two were found to be acting as investment advisors without being registered as such with Sebi.
Indrodeep Banerjee Deepanshu Giri Manish Bhatt Institute Of Financial Astrology Intelligence Group Exchange Board Of India Sebi
Source: indiatimes.com