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Sebi: Sebi imposes Rs 35 lakh fine on MI Research for flouting regulatory norms

The order came after Sebi conducted an examination into the business of MI Research with respect to compliance of the entity with IA (Investment Advisers) regulations.

IA exposes clients to risk of financial peril while charging exorbitant fee , fined Rs 35 lakh

The market regulator’s investigations revealed that the IA collected nearly Rs 1.95 crore from 748 clients between November 2, 2017, and April 30, 2019, and the order stated that the fee “appears to be unreasonably high”

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