SEBI bars entity, nine individuals from securities market for fraudulent activities
During this period, the watchdog observed that Money Maker was actually not practicing investment advisory in the manner envisaged under the IA (Investment Adviser) norms.
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NEW DELHI: Sebi has barred Money Maker Research Pvt Ltd and nine individuals from the securities market for indulging in fraudulent trading activities while providing investment advisory services.
Money Maker and its directors Chandni Paryani and Abhisekh Tiwari have been directed to cease and desist from acting as investment advisors until further orders, as per an interim order passed on Friday.