Posted 4/7/2024, 7:39:00 AM
YouTuber Ordered to Deposit Over Rs 12 Crore Unlawfully Earned Giving Stock Tips
- Sebi directed Ravindra Balu Bharti, a Youtuber giving stock market training, to deposit over Rs 12 crore earned unlawfully
- Ravindra founded Ravindra Bharti Education Institute Pvt Ltd in 2016 to provide stock market training
- Sebi passed an order against the institute, Ravindra, his wife, and current directors for providing unregistered investment advisory
- Ravindra has two YouTube channels with nearly 20 lakh subscribers combined giving stock market tips
- Sebi aims to protect investors' confidence and says the case compromised systems for personal gains over investors' interests