Sebi cautions against unregistered investment advisors
“The public in general is advised to check the registration status of the entity/person on the Sebi website before availing the investment advisory services/ research services,” Sebi said. The details of Sebi registered investment advisers and research analysts are available on its website.
Further, the watchdog has cautioned the public to take their informed investment decisions without being influenced by any SMS or by any other misleading advertisement, promising unrealistic returns.
“The general public should also be wary of trading in the securities markets based on the tips/recommendations provided by unregistered entity/person and should not get attracted or lured by such trading tips and stock specific recommendations received through Short Message Services (SMSs) or through any public media including websites or through any other social networking media,” the regulator said in a release.