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.
Source: indiatimes.com