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SEBI bans investment advisors from advising on unregulated instruments
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The Securities and Exchange Board of India (SEBI) on October 21 announced that investment advisors are barred from advising on unregulated instruments.
Read: NSE bans members from selling digital gold after Sebi flags concerns
This effectively bans the investment advisors from advising on cryptocurrencies, digital gold and other unregulated products.
"It has come to the notice of SEBI that some registered investment advisers are engaged in unregulated activity by providing platform for buying/ selling/ dealing in unregulated products including digital gold," the market regulator said.
Also Read | SEBI levies Rs 50 lakh fine on 5 entities, also bans them from securities market
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