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Baap Of Chart in SEBI's grip, financial influencer banned and fined Rs 17.20 crore
SEBI Ban Baap Of Chart: SEBI has banned financial influencer Mohammad Naseeruddin Ansari, named Baap of Chart. For this, SEBI has issued an interim order. In this interim order, SEBI said that they cannot do any kind of deal in the stock market. Apart from this, he will also have to pay Rs 17.20 crore.
The stock market regulator Securities Exchange Board of India (SEBI) has banned Mohammad Naseeruddin Ansari. Let us tell you that Mohammad Naseeruddin Ansari is a financial influencer. He is called 'Baap of Chart' on social media. A complaint was filed against them.
SEBI issued an interim order on Wednesday 25 October 2023 regarding this complaint. In this order, SEBI banned Mohammad Naseeruddin Ansari. He cannot do any kind of deal in the share market. Along with this, he will also have to deposit Rs 17.2 crore.
SEBI's whole-time director Ananth Narayan has issued the order. He said in the order that the clients are lured by promising them strong returns in the stock market. Naseeruddin Ansari has more than 4 lakh followers on YouTube channel and more than 70,000 followers on X. He ran an unregistered investment advisory.
