News Karnataka
Monday, March 04 2024
Finance

Who is Nasiruddin Ansari, the “Baap of Chart” & why he was fined ₹. 17 cr?

Nasiruddin Ansari
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Baap of Chart (BoC) is a sole proprietorship owned by Ansari. On various social media platforms, he marketed himself as an authority on the stock market and invited investors and clients to sign up for various “educational courses” he was offering. He is accused of promising nearly guaranteed returns or profits to credulous investors who would follow his advice and invest in the securities market.

SEBI barred Finfluencer Nasiruddin Ansari aka ‘Baap of Chart’ from dealing in the securities market for making stock recommendations on social media. As the sole owner of ‘Baap of Chart,’ Ansari invited investors to enroll in “educational courses” that he offered with the promise of near-certain profits. He has been ordered to repay the 17.2 crore he earned by “misleading investors.”

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