The Securities and Exchange Board of India (SEBI) has barred Wishworth Financial Services and its proprietors Pankaj Khanchandani and Dheeraj Kapoor from the securities markets for four years and directed them to refund the money collected through unauthorised investment advisory services.
SEBI found that the noticees Wishworth and their proprietors were engaged in the business of providing investment advice to their clients for consideration and thus acting as investment adviser.