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2026
SEBI fines Alliance Research proprietor ₹6 lakh for investment advisory violations
The Securities and Exchange Board of India (SEBI) imposed a ₹6 lakh penalty on Mudassir Hasan, proprietor of Alliance Research, for multiple violations of investment adviser regulations, including providing unregistered investment advice, improper KYC and risk profiling, unsuitable product recommendations and charging unfair fees from clients.