INSUBCONTINENT EXCLUSIVE:
SEBI has disallowed financial investment consultants from offering advise on uncontrolled financial instrumentsMarkets regulator Securities
and Exchange Board of India (SEBI) has actually disallowed investment consultants from encouraging on uncontrolled instruments like
cryptocurrencies and digital gold, apart from other such products.In an alert released on Thursday, SEBI said that it has been observed by
it that some signed up investment advisors have been participated in uncontrolled activities by providing a platform for purchasing,
offering and dealing in uncontrolled products.This, it said, is an infraction of provisions of Section 12( 1) of SEBI Act 1992, and for that
reason investment advisors are suggested that they should avoid undertaking such uncontrolled activities.SEBI cautioned that if they handled
any such activities, they may need to deal with action under provisions of the SEBI Act.
