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India Business News: The Securities and Exchange Board of India (Sebi) has taken action against three entities involved in selling trading recommendations without registra
India Business News: MUMBAI: In its first major case of a crackdown on a financial influencer (or finfluencer), markets regulator Sebi on Wednesday barred three entities f.
Sebi found that Rs 17.21 crore has been accumulated from carrying out investment advisory activities, which are both unregistered and fraudulent.
The Securities and Exchange Board of India (SEBI) has imposed a ban on Mohammad Nasiruddin Ansari, a social media influencer known as 'Baap of Chart,' from the securities market. Ansari, who portrayed himself as an investment expert, provided stock recommendations through various platforms. However, SEBI found that he was marketing these recommendations as educational training but was actually trying to sell them.