With its first action against PR Sundar, a financial influencer known for giving investment advice
The regulatory body has ordered Sundar, his business Mansun Consultancy,
Mangayarkarasi Sundar to pay back Rs 6.07 crore, with interest at a rate of 12% per year from June 1, 2020
The issue concerns Sundar and Mangayarkarasi, the owners and operators of Mansun Consulting,
who provided financial advice without being properly registered with the regulatory body.
Sundar and Sebi have reached a resolution. Each of the three firms has agreed to pay Sebi Rs 15.6 lakh
A 6.07 crore rupee disgorgement payment has also been agreed upon.
On YouTube, Sundar has more than a million subscribers, and on Twitter, he has hundreds of thousands.