SEBI Fines Shares Bazaar and Four Others ₹20 Lakh for Misleading Investors With Assured-Return Scheme
The Securities and Exchange Board of India has imposed a combined penalty of ₹20 lakh on Shares Bazaar and four other entities after finding violations linked to an investment scheme that promised assured annual returns of 18% to 48%. SEBI said the firm projected the product as a market-linked opportunity while, in practice, giving investors the impression their money was being deployed in securities trading.
