Charge of commission on profit by tip advisers to customer

This query is : Open

CPoojaA (Querist)
Follow

02 July 2013 Hello,

IF I give tips on share buy/sell. So I charge commission on profits earned by my clients. I wanted to know is there any restriction/regulation by SEBI or any other authority on charge of such commission.

thank u.

Ajay Mishra

Ajay Mishra (Expert)
Follow

03 July 2013 It is a not allowed under trading and SEBI has not allowed to charge such kind of money from investors. It is treated as professional misconduct.

CPoojaA

CPoojaA (Querist)
Follow

12 July 2013 Sir, can you provide with some reference of the professional misconduct. under which section or note of sebi act i can find the same.

thank u

CPoojaA

CPoojaA (Querist)
Follow

12 July 2013 Sir, can you provide with some reference of the professional misconduct. under which section or note of sebi act i can find the same.

thank u