Capital markets regulator Sebi on Thursday imposed a ban on Trend Market Advisory Services and six individuals for providing unauthorised stock recommendation to investors. They have been restrained from the securities markets for varying periods. Two individuals — C Murlitharan and C Paranitharan — have been restrained from the securities markets for one year. Trend Market Advisory Services (TMAS), NSK Chithanathan, C Senthilnathan, C Vijai and S Kokila have been prohibited from the capital markets for a period of six months from the date of this order or till the completion of refunds.
Order comes from a show cause notice dated July 19, 2021 issued by Sebi against TMAS and its partners. Trend Market Advisory Services is a partnership firm and Murlitharan, Paranitharan, Chithanathan, Senthilnathan, Vijai and Kokila are the partners of the firm.