Financial Influencers – Artifex.News https://artifex.news Stay Connected. Stay Informed. Thu, 27 Jun 2024 13:40:06 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.5 https://artifex.news/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png Financial Influencers – Artifex.News https://artifex.news 32 32 FinFluencers Face SEBI Heat As Markets Regulator Tightens Rules https://artifex.news/finfluencers-face-sebi-heat-as-markets-regulator-tightens-rules-5983149rand29/ Thu, 27 Jun 2024 13:40:06 +0000 https://artifex.news/finfluencers-face-sebi-heat-as-markets-regulator-tightens-rules-5983149rand29/ Read More “FinFluencers Face SEBI Heat As Markets Regulator Tightens Rules” »

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Financial influencers engaged in investor education will be exempt, SEBI said (File)

Mumbai:

Brokers and mutual funds should stop using unregulated financial influencers for marketing and advertising campaigns, markets regulator SEBI said today.

The Securities and Exchange Board of India (SEBI) said financial influencers engaged in investor education will be exempt from the new restrictions.

The decision was taken to address concerns related to “certain persons, including unregulated entities, inducing investors to deal in securities based on inappropriate claims,” SEBI said in a press statement issued after a board meeting.

A surge in retail investors’ participation in equity markets during the pandemic has led to a rise in so-called influencers pushing financial advice via social media platforms.

India had 154 million trading accounts as of April 2024, according to SEBI data, a more than four times jump from the 36 million trading accounts in April 2019.

It will be the responsibility of the regulated entity to ensure that individuals with whom it is associated do not breach the rules of conduct set by SEBI, including avoiding the promise of assured returns.

SEBI’s board also approved changes to delisting rules that would make it easier for companies to exit from stock exchanges.



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]]> Who Is Nasiruddin Ansari? 5 Points On ‘Baap Of Chart’ Owner Fined By SEBI https://artifex.news/who-is-nasiruddin-ansari-5-points-on-baap-of-chart-owner-fined-by-sebi-4515476rand29/ Thu, 26 Oct 2023 08:58:30 +0000 https://artifex.news/who-is-nasiruddin-ansari-5-points-on-baap-of-chart-owner-fined-by-sebi-4515476rand29/ Read More “Who Is Nasiruddin Ansari? 5 Points On ‘Baap Of Chart’ Owner Fined By SEBI” »

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Nasiruddin Ansari has been fined Rs 17.2 crore by market regulator SEBI.

Mohammad Nasiruddin Ansari, who promoted himself a stock market expert on social media, has been barred by market regulator SEBI for “misleading investors”. He has also been ordered to refund Rs 17.2 crore collected from his followers.

Here are five points on Nasiruddin Ansari:

  1. Ansari owns a firm called ‘Baap of Charts’ and gives recommendations about buying, selling or dealing in the securities market. He is the sole proprietor of the firm.

  2. According to SEBI, Mohammad Nasiruddin Ansari gave recommendations in the name of providing educational training related to the securities market. He also invited investors and other clients to enrol for various “educational courses” offered by him.

  3. The market regulator also said that Ansari sold 19 such courses relating to the securities market, including those that promised assures returns.

  4. The money collected from those looking for investors was deposited into the banks accounts of Ansari, Padamati and Golden Syndicate Ventures that have also been barred from the securities markets until further orders.

  5. The YouTube channel of Ansari has more than 4.43 lakh subscribers and more than 70 million views. He also operates a Telegram channel called Baap Of Chart Option Hedging, which has around 53,000 subscribers.
     



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