I’ve applied for SEBI registration thrice but haven’t been successful. If I provide unauthorized investment advice, would SEBI impose fines and seize property? Would this include my personal property or that of my wife, children, parents? Kindly clarify.
Best Answer
Under Indian law, providing unauthorized investment advice is a serious offense. SEBI has the power to impose fines and seize assets, including personal property, if you are found guilty. However, they cannot seize property belonging to your family members unless they are directly involved in the illegal activities.
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