Market regulator Sebi on Thursday barred KE Consultancy Group and its proprietor Manish Thakkar from accessing the securities market for offering unauthorised portfolio management services, and advised investors to be cautious before availing such services. “To protect the interest of investors and to prevent such unauthorised services from being offered to investors, SEBI has passed an order against the entity and its proprietor Manish Thakkar. "The entities have been directed to cease and desist from undertaking the portfolio management activities, directly or indirectly, in any manner whatsoever," Sebi said in an order. It added that "they have been restrained from accessing the securities market in any manner". Sebi had probed the matter after receiving a compliant that KE Consulting Group was offering unauthorised portfolio management services through its website.
Top Section
Explore Business Standard