New Delhi, Clamping down on unauthorised investment advisory services offered in the name of 'Baap of Chart', regulator Sebi on Wednesday barred three entities
The Sebi investigation has discovered that Nasir and team even suffered a loss of nearly ₹3 crore in trading in securities market during the past 2.5 years, which he concealed from his clients/ investors.
A closer examination revealed the use of a content-creator platform that allowed people to list their courses and enabled a private channel to communicate with subscribers
Sebi observed that the finfluencer was promoting himself as a stock market expert on various social media platforms and luring investors to enrol for various ‘educational courses offered by him and induced them to invest in securities market by convincing them about the prospect of making profits with near certainty if the recommendation is followed.
Baap of Chart: Sebi bars three entities for unauthorised investment advisory services devdiscourse.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from devdiscourse.com Daily Mail and Mail on Sunday newspapers.
The investigations could lead to increased disclosures and greater scrutiny for an investment category including private credit funds that have drawn billions of dollars from local and global high net-worth investors because of the flexibility they offer and liberal regulations.
India's markets regulator and its central bank are investigating about a dozen cases of alternate investment funds allegedly being used to circumvent regulations, including evergreening of... -October 17, 2023 at 02:27 am EDT
- MarketScreener
The investigations could lead to increased disclosures and greater scrutiny for an investment category including private credit funds that have drawn billions of dollars from local and global high net-worth investors because of the flexibility they offer and liberal regulations.
India's markets regulator and its central bank are investigating about a dozen cases of alternate investment funds (AIFs) allegedly being used to circumvent regulations, including ......