Sebi bans individuals, entities for unauthorised investment advisory

. The regulator has restrained Core Investment (proprietor Deepak Bamne) and Core Group (proprietor Matwar Mehra) from securities markets for three years. The direction came after Sebi received a complaint against the entities for not making payout in respect of the investments made by the complainant. In a separate order, the regulator slapped a fine of Rs 10 lakh on 9 entities for violating regulatory norms in the matter of SI Capital and Finance Services Ltd.