Sebi bars 15 entities for unauthorised investment advisory activities

Sebi has barred 15 entities from securities market for carrying out unauthorised investment advisory activities and directed them to desist from acting as investment advisor until further orders.

The entities which have been barred include Investmart, Profit Redefine Financial Solution, Analog Research, Money Booster, Billionaire Solutions, Capital Exchange India, Trade Money Research, Money Capital Investment, Mahankal Capital, Rushabh Research and Algo Solution.

Passing an interim order against the firms and their proprietors, Sebi, among other directions, asked the entities to withdraw all advertisements in relation to their investment advisory services or any other unregistered activity in the securities market.

The entities may file