SEBI released an order on Baap of Chart who was promising sure shot returns through his stock market education courses. According to the findings of SEBI, he is in a net loss of ₹ 2.89 Cr. SEBI investigated his 2 trading accounts one with Zerodha and the other with Angel One.
As per SEBI's order Baap of Chart was luring people to buy his stock market education courses with promises of assured returns.
He was also giving Buy and Sell Calls and as he was not a registered investment advisor or research analyst with SEBI these activities were deemed illegal.
SEBI has fined Baap of Chart 17.2 crores. Also, he has been banned from every trading activity in the stock market till further orders.
13 окт 2024