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Today's Sebi order against @baapofchart (Md Nasir and associates) for the first time lays bare the modus operandi of finfluencers offering unregistered investment advisory disguised as educational courses. Here's a quick summary:
1) Baap of Chart has 4.43 lakh subscribers and 7 crore views on Youtube. Also large following on other social media platforms.
2) After charging money for 'educational courses', investors were invited to join private groups where trading calls were given
3) Videos with titles like Bas 5 minutes me Sureshot Profit Kro and claims of 95% accuracy were used to entice investors
4) The Noticees earned a sum of Rs 17.2 crore in about 18 months from this activity
5) The noticees claimed that trading was their main business and finfluencing was a side business. Actually, they made a loss of 2.89 crore in trading and compensated for it from these courses (17.2 crore revenue)
6) Sebi has impounded the illegal gains made and ordered an immediate stoppage of this activity
My guess is that this is just the tip of the iceberg on finfluencer courses. More Sebi orders will follow. But this is a GREAT first step. sebi.gov.in/enforcement/orβ¦
A lawyers students team is on an official visit to BSE tomorrow,
anyone has got any connect with technical person working in BSE, please do connect in person. On 9920290210 or @chetanpathare80 on Telegram
Thanks
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Multibagger Stock: LAtteys Industries Ltd:
Buy: above 40
SL: 39
Target: 65/70/82/90
Duration: 1-2 months
Good momentum build up
Charts provided below
English: George Gurdjieff Astronomy: Pythagoras: Music Johannes Kepler: laws of Planetary Motion
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