News Post

SEBI Bars 'Baap of Chart' Nasiruddin Ansari, a Finfluencer, for Misleading Investors

Business Bytes

· 8m
placeholder-image

The Securities and Exchange Board of India (SEBI) has barred 'Baap of Chart' Nasiruddin Ansari for misleading investors through his financial advice on social media. Ansari, a popular finfluencer, allegedly provided false information and promised guaranteed returns to attract investors. SEBI's investigation found that Ansari engaged in fraudulent activities, and he has been ordered to repay Rs 17.2 crore to investors. This action aims to protect investors and maintain the integrity of the securities market. SEBI advises investors to exercise due diligence when seeking financial advice and to be cautious of offers that seem too good to be true.

No Comments yet

Download the medial app to read full posts, comements and news.