SEBI Bars Proprietor Of GN Traders for Illegal Investment Advisory Services

SEBI has prohibited the proprietor of GN Traders from providing unauthorized investment advisory services. The regulator found that the individual offered stock advisory tips through social media without obtaining registration from SEBI, violating securities laws. SEBI's investigation revealed that GN Traders had been providing stock tips and investment advice via Telegram channels, which qualifies as providing investment advisory services without registration. This action by SEBI underscores the importance of complying with regulatory requirements when offering financial advice to the public.