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India Business News: MUMBAI: In its first major case of a crackdown on a financial influencer (or finfluencer), markets regulator Sebi on Wednesday barred three entities f.
While imposing a penalty of Rs30 lakh for various violations, market regulator, Securities and Exchange Board of India (SEBI), has banned Wealthit Global's proprietor Mohit Manghnani, for five years for misleading clients with promised assured returns and inducing them to subscribe to various packages and services offered by the SEBI-registared investment advisory (IA).
Money Control Capital markets regulator Sebi has barred an individual from the securities markets for a period of five years as well as slapped a fine of Rs 30 lakh for flouting regulatory norms. Besides, the regulator restrained Mohit Manghnani (proprietor of Wealthit Global) from associating himself as a director or key managerial personnel with…
Besides, the regulator restrained Mohit Manghnani (proprietor of Wealthit Global) from associating himself as a director or key managerial personnel with any listed public company or any Sebi-registered intermediary for a period of five years.