SEBI temporarily bans Baap of Chart from securities trading, impounds ₹17.2 crore gained from followers

SEBI prima facie found that Ansari was inducing clients by guaranteeing profits ranging from ₹3 lakh to ₹6 lakh and also providing buying recommendations in violation of SEBI Regulations.
SEBI, Baap of Chart
SEBI, Baap of Chart

The Securities and Exchange Board of India (SEBI) on Wednesday passed an interim order barring Mohammad Nasiruddin Ansari and others behind 'Baap of Chart' (BoC) from securities trading and impounded ₹17.2 crore he collected from his followers.

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