What Investors Should Learn
This case serves as a valuable lesson for investors. It underscores the importance of verifying the credentials of investment advisory firms and their compliance with SEBI regulations. Investors should exercise caution when companies make unrealistic promises and assured returns, as these may be misleading. Before choosing an IA, recommendations from friends and peers, background research, and scrutinising an advisor's credentials and fees should be made. In the initial meetings, clients should ask advisors about their fiduciary status, revenue sources, services, and clientele.