Unregistered Investment Advisory Services Misled Investors: SEBI Orders Refund of ₹2.79 Cr

Unregistered investment advisory services: Investors, SEBI orders refund. This action by SEBI (Securities and Exchange Board of India) underscores its commitment to protecting investors from unauthorized and fraudulent financial advisors. When entities provide investment advisory services without the necessary registration, it exposes investors to significant risks. SEBI's directive for a refund is a strong deterrent against illegal operations, aiming to recover investor money and reinforce the regulatory framework for capital market intermediaries.