India Business News: MUMBAI: In its first major case of a crackdown on a financial influencer (or finfluencer), markets regulator Sebi on Wednesday barred three entities f.
While imposing a penalty of Rs30 lakh for various violations, market regulator, Securities and Exchange Board of India (SEBI), has banned Wealthit Global s proprietor Mohit Manghnani, for five years for misleading clients with promised assured returns and inducing them to subscribe to various packages and services offered by the SEBI-registared investment advisory (IA).
Money Control Capital markets regulator Sebi has barred an individual from the securities markets for a period of five years as well as slapped a fine of Rs 30 lakh for flouting regulatory norms. Besides, the regulator restrained Mohit Manghnani (proprietor of Wealthit Global) from associating himself as a director or key managerial personnel with…
Mohit Manghnani SEBI Case: Mohit Manghnani has been prohibited from participating in the securities markets for a substantial period of five years. In addition to this, he has been levied with a substantial fine amounting to Rs 30 lakh - SEBI Bans Individual From Securities Markets For 5 Years; Here s Why
Besides, the regulator restrained Mohit Manghnani (proprietor of Wealthit Global) from associating himself as a director or key managerial personnel with any listed public company or any Sebi-registered intermediary for a period of five years.