Mumbai, April 10 (IANS) The Securities and Exchange Board of India (SEBI) has uncovered a case in which a stock broking licence was allegedly used as a front to run a Ponzi-like scheme, luring investors with promises of assured monthly returns of 10–12 per cent.In an order issued against Trdez Investment Private Limited, the regulator said investors were misled into believing that several entities — including Infinite Beacon, IB Prop Desk and Sispay TFS — were linked to the SEBI-registered b…
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