SEBI REGISTERED INVESTMENT ADVISOR/RESEARCH ANALYST

Question

Respected Sir/Madam,
I am an Engineer with zero Professional work experience in Finance. But I am trading in Stock market for the last 2yrs. I have good knowledge and experience in it. I am in an idea to start PAID call services and investment tips to my clients and would like to expand the same. But SEBI has mandated that only the SEBI Registered Investment Advisor/Research Analyst can provide paid calls and tip services to their clients. To become SEBI Registered, I should do NISM Course Certification. The prerequisite for that course is that One should be a Finance related Graduate or should have 5yr Professional work experience in Finance in order to enroll for that course. This stops me from becoming an Investment Advisor/Research Analyst. What should I do to give paid calls and tip services to my clients Sir/Madam. If I start this paid service will I be punished or is there any exemptions for people like me?

cmohank9 1 Answer 585 views
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Answer ( 1 )

  1. instalegal
    0
    2020-12-28T10:25:03+05:30
    Reply

    It is not advisable to do this as the SEBI guidelines prohibit and if it comes in the knowledge of SEBI then you will have to pay penalty as SEBI will take action stating that you have misguided and the responsibility on you will become higher because you are not certified from SEBI.

    Only way out would be to hire a person certified by SEBI if you want to get into this kind of business.

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