Ad code breach: Sebi imposes fine of Rs 4 lakh on Basant Maheshwari Wealth

Quick Summary:

The findings stem from inspections conducted by Sebi between October and December 2023.

Maheshwari had initially filed a settlement application with Sebi but withdrew it later.

The regulator pointed out that the disclaimers in these videos were inadequate, lacking prominence and consistency across YouTube description boxes.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Sebi regulations Investment advisory penalties Sebi enforcement actions Financial regulations India Sebi advertisement code Investment advisory violations Financial advisory rules YouTube investment advice Basant Maheshwari Sebi audit findings Investment advisor norms Basant Maheshwari Wealth Advisers Sebi penalty Financial advisory compliance Sebi inspection report

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-26 @ 18:56:28 (3 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27353308

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 142 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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