Illegal Investment Advisory: SEBI Asks Fraud Advisor To Refund Rs. 27.67 Lakh To Investors

SEBI ordered an unregistered investment advisor to refund Rs 27.67 lakh to investors for offering unauthorized services and engaging in fraudulent practices. The order highlights SEBI's commitment to protecting investors from fraudulent activities and ensuring that only registered and compliant entities offer investment advice. The ruling serves as a deterrent to illegal investment advisory practices and reinforces the importance of regulatory compliance in the financial advisory sector.