Explained: Youtube influencer fined Rs 9.5 cr for illegal investment advice

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Explained: Youtube influencer fined Rs 9.5 cr for illegal investment advice - Business Standard

Quick Summary:

The company marketed high returns based on the credentials of Ravindra Balu Bharti, a financial influencer running two YouTube channels with 10.8 lakh and 8.33 lakh subscribers, respectively.

Sebi’s investigation revealed that Bharti’s company used misleading tactics, selling fake “expert advice” to many young, inexperienced investors looking to make quick money.

Bharti and his team didn’t just give random advice; they sold multiple investment plans to the same person, limiting their ability to make decisions on their own.