SynopsisThe regulator launched its investigation after receiving 16 complaints alleging that the entities were providing investment advice and managing client portfolios without mandatory Sebi registration. The regulator said Stark Investments entered into advisory agreements with clients, charged advisory fees and issued stock-specific buy and sell recommendations through WhatsApp, Excel sheets and performance reports.The Securities and Exchange Board of India (Sebi) has barred Stark Investments, its promoters Surabhi Chauhan and Zahin Ismail Jessani, and related entities from offering investment advisory and portfolio management services without registration, after finding they had allegedly mobilised more than Rs 25 crore from investors through an unregistered investment operation. In an ex-parte interim order, the regulator said the entities collectedNow Playing
Sebi bars Stark Investments for allegedly mobilising funds via unregistered operations - The Economic Times
The regulator launched its investigation after receiving 16 complaints alleging that the entities were providing investment advice and managing client portfolios without mandatory Sebi registration. The regulator said Stark Investments entered into advisory agreements with clients, charged advisory fees and issued stock-specific buy and sell recommendations through WhatsApp, Excel sheets and performance reports.
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