Sebi bans Finfluencer, asks Rs 17 crore in fee refund

Sebi bans Finfluencer: Recently SEBI (Securities and Exchange Board of India), which is the regulatory system of the Indian stock market, has banned a Finfluencer and YouTuber from doing any activity in the stock market, but why did SEBI do this? Very few people know this

.The job of SEBI is to regulate the stock market in India, so that no one can do any wrong activity in the stock market. Therefore, in today’s article you will read SEBI Update as to why SEBI has banned a YouTuber from the stock market. So let us know what is the whole matter.

SEBI banned this YouTuber

For your information, let us tell you that SEBI has banned Mohammad Nasruddin Ansari from the stock market. Mohammad Nasruddin Ansari used to upload videos related to stock market and trading on his channel BAAP OF CHARTS on YouTube. There were more than 4 lakh subscribers on his YouTube channel, but now SEBI has taken strict action against him for violating the stock market rules.

Let us also tell you that thousands of people are connected with him on the social media platform Twitter More than 83 thousand people are his followers on Twitter X, who keep watching his content.

These allegations have been made against YouTuber

Mohammad Nasruddin Ansari used to upload many videos related to trading on his YouTube channel Baap Of Chart, due to which people who are related to the stock market were associated with him. Many people had suffered losses due to some of his videos, due to which they filed a complaint against Ansari with SEBI, after which SEBI started investigating him.

During investigation, SEBI found that Ansari had violated many stock market rules. SEBI has accused him of making a net loss of Rs 2.98 crore in trading from 2021 to 2023, but Ansari has told in his videos that he has earned 95 percent profit from trading. But nothing like this was found in SEBI’s investigation.

Apart from this, SEBI has also accused them that they were selling their trading courses to people in which they had provided wrong information.

SEBI has imposed a fine of Rs 17 crore

SEBI has also said that Ansari has unethically earned Rs 17.2 crore from the stock market, and now SEBI has ordered him to return that Rs 17.2 crore to the stock market. Mohammad Nasruddin Ansari had earned this money by giving wrong information about his wrong courses and trading to people.

At this time, SEBI is keeping a close watch on all the FinFluencers so that no FinFluencers can give wrong information to the people, we hope that from this article you would have got the information about SEBI update. Do share it with your friends so that they can also be aware of SEBI Update. To read more such articles, please visit our “Finance” page.

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