Prohibition on associating with unregistered advisers: regulated entities must terminate associations absent Board permission. Regulated persons and their agents must not directly or indirectly associate with any person who provides advice or recommendations related to securities or who makes claims of returns or performance in respect of securities unless such person is registered with or permitted by the Board. Associations through a specified digital platform are exempt only where the platform has Board-satisfactory preventive and curative mechanisms. Investor education providers are excluded if they do not engage in the prohibited activities. Regulated entities are advised to terminate existing contracts with such persons within three months.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Prohibition on associating with unregistered advisers: regulated entities must terminate associations absent Board permission.
Regulated persons and their agents must not directly or indirectly associate with any person who provides advice or recommendations related to securities or who makes claims of returns or performance in respect of securities unless such person is registered with or permitted by the Board. Associations through a specified digital platform are exempt only where the platform has Board-satisfactory preventive and curative mechanisms. Investor education providers are excluded if they do not engage in the prohibited activities. Regulated entities are advised to terminate existing contracts with such persons within three months.
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