Sebi cancels registration of 68 investment advisers in major compliance sweep
Published by Mint
Abhishek Kumar's role: Quoted
Abhishek Kumar said the move appears aimed at stopping fraudsters from misusing the credentials of inactive advisers and at keeping the public register of advisers credible.
Read our guide: How to Check if an Adviser Is SEBI Registered
More of Abhishek's views on choosing an adviser
SEBI cancelled 68 investment adviser registrations after the holders failed to pay renewal fees despite repeated notices. The article explains the five-yearly renewal rule, the notice process, and similar recent actions against other advisers and research analysts.
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Sebi cancels registration of 68 investment advisers in major compliance sweep