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SEBI has cautioned investors against using portfolio management services (PMS) offered by Trading India Portfolios Ltd/ TIPL Ltd (TIPL).
SEBI said TIPL was not registered with SEBI either as a PMS provider or as a stock broker. The regulator said “TIPL has placed false and misleading information related to PMS and stock broking on its Web site www.tiplwealth.com. The registration details provided on the website are false.” It further issued a public notice warning investors not to deal with TIPL and its Chairman & CMD, Mr Ankush Srivastava.
SEBI also warned the general public not to be misled by similar advertisements which solicited investments and promised unrealistic returns.
>raghavendraraok@thehindu.co.in
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