Baap of Chart, which gave buy/sell recommendations, used multiple layers of companies and platforms to present itself as an entity running educational courses. But the market regulator went on a money trail unearthing an elaborate web of disguise.
In yet another crackdown on , the regulator has ordered disgorgement— or the act of returning ill-gotten gains to the victims of the fraud in market parlance — of over INR17 crore from an unregistered investment advisor Mohammed Nasiruddin Ansari, and his associates, who were found selling stock advisory services in the guise of offering educational courses. Financial influencers, also called ‘finfluencers,’ provide information or advice on
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