New Delhi, May 9 -- Capital markets regulator, the Securities and Exchange Board of India (Sebi), often issues warnings to unregistered investment advisers to prevent them from offering advisory services to investors. On May 8, Sebi issued a warning to Rajni Kumari (name changed), a resident of Muzaffarpur in Bihar, for providing unregistered investment advisory services without obtaining registration as an Investment Adviser under Sebi regulations.

The warning letter states that such unregistered activity is a violation of various provisions of the Sebi Act, 1992, as well as related regulations, rules, and circulars.

"This has been viewed very seriously and you are therefore warned to be careful in future and not to indulge in any kind...