SEBI Imposes Two-Year Market Ban On 4W Wealth Management And Directors, Orders Refund Of Rs12.83 Crore For Illegal Investment Advisory

SEBI has imposed a two-year market ban on 4W Wealth Management and its directors for illegally offering investment advisory services without registration. The ban follows an investigation revealing that the firm and its directors collected over Rs. 1283 crore from investors through unauthorized investment schemes. SEBI found the activities violated market norms and investor protection regulations, ordering the firm and directors to refund the collected amount with interest within three months. Failure to comply will result in additional penalties. This case underscores SEBI's commitment to maintaining market integrity and protecting investor interests against unauthorized financial services.