Business and Finance
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SEBI cracks down on finfluencer with Rs 9.5 cr refund and ban


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  As per reports, finance influencer Ravindra Balu Bharti and his company have faced action for allegedly operating an unregistered investment advisory business

The Securities and Exchange Board of India (SEBI) has taken stringent action against unregistered financial influencers, or "finfluencers," by ordering a refund of Rs 95 crore and imposing a ban on their activities. This crackdown targets individuals who have been misleading investors with unverified stock tips and investment advice without proper registration. SEBI's move aims to protect retail investors from potential fraud and manipulation in the financial markets, emphasizing the importance of dealing only with registered intermediaries. The regulatory body has also highlighted the risks associated with following advice from unverified sources, urging investors to verify the credentials of financial advisors before making investment decisions. This action underscores SEBI's commitment to maintaining market integrity and investor safety.

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