Mumbai, Nov 12
Regulatory actions by the Securities and Exchange Board of India (SEBI) in the investment advisory space overwhelmingly concentrate on entities dealing in speculative trading calls, rather than those offering long-term fiduciary investment advice, a new report said on Wednesday, analysing enforcement data.
Cumulative data since the inception of the SEBI (Investment Advisers) Regulations in 2013 until March 31, 2025, showed that of the 218 enforcement orders passed, a significant 67 per cent, or 147 orders, were against unregistered entities, all of whom were trading call providers.
The analysis, compiled in the “SEBI orders compilation and analysis report 2024-2025” by the ARIA, found that since the SEBI (Investment Advisers) Regulations came into force in 2013, a total of 218 enforcement orders have been issued.