SEBI has taken strict action against seven individuals and entities, including Nasiruddin Ansari, known as 'Baap of Charts,' banning them for up to one year.
The regulator found these finfluencers engaged in misleading stock tips and promotions through social media, luring investors into risky trades. Others banned include Rahul Rao Padamati, Tabraiz Abdullah, Asif Iqbal Wani, and Golden Syndicate Ventures Pvt Ltd (GSVPL). SEBI aims to protect retail investors by clamping down on unregulated financial advice, a growing concern in India’s digital investment space.