If you also earn from the stock market on YouTube and Instagram, then this news can prove to be useful for you. Actually, nowadays every second person on social media calls himself an influencer.
There are many people who call themselves influencers on social media and keep giving stock market tips and stock recommendations. If you also give stock recommendations on social media, then you need to be careful. Because SEBI has taken action against such people.
In fact, in the year 2024, action has been taken against many such people who have misled people about the stock market and given tips. One of these influencers has also been recently taken action against. Not only this, SEBI has also banned more than 15000 websites that create similar content.
SEBI took action
According to reports of Economics Times, SEBI has taken the biggest action this year against those who mislead and give wrong information in the name of investment in the stock market. SEBI has banned more than 15,000 sites and many financial influencers. These people are accused of giving wrong information to people using social media. This not only misleads people but also causes huge losses to them. Let us tell you, investment in the stock market is subject to market risks. If you want to make any investment, then you must first take the advice of your financial advisor.
Baap of the Charts
In its action this year, SEBI has banned finfluencers Ravindra Balu Bharti and Nasiruddin Ansari. Ansari was active on social media platform X (earlier Twitter) under the name ‘Baap of Chart’, where he often advised people to buy and sell shares. When the matter reached SEBI, SEBI ordered Ansari and his associates to open an escrow account and deposit Rs 17 crore. SEBI also said that this money will be used to return the money of those investors who have lost money due to their advice. Apart from this, a fine of Rs 20 lakh has also been imposed on Ansari.
Latest News:-
- Strict SIM Card Rules 2025: Govt to ban purchases for these individuals.. Cannot get a new SIM for three years! Check Details
- Income Tax Calendar 2025: Taxpayers must remember these key due dates to avoid penalties or interest charges
- School Closing notice: Govt of THSES states declared holiday in all schools till January 15 due to winter. Know all Details
- UPI transaction rules 2025: New regulations applicable from January 1, 2025
- Ration Card Cancelled: Ration Cards of THSES People will be Cancelled from January 1st! Know about the new rules…
