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Published 2 years ago

SEBI Cautions Public Against Imposter Portfolio Managers

Summary by Ground News

Some entities are collecting money from the public claiming to provide portfolio management services. These entities have been luring the public, with a promise of high returns, through pamphlets and social media platforms. SEBI: Many such unauthorised schemes are run like Ponzi schemes without any real investment made in the securities market.

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SEBI Cautions Public Against Imposter Portfolio Managers

The Securities and Exchange Board of India has cautioned investors against entities that are collecting funds from the public, in the pretense of offering portfolio management services. SEBI has advised the public to not fall for such schemes and deal only with SEBI-registered intermediaries, according to its press release. Continue Reading. Read more on Law & Policy by BloombergQuint.

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SEBI cautions public against unauthorised portfolio managers

Some of the entities have names similar to that of SEBI registered intermediaries, warns SEBI.

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