Categories: SEBI

Sebi Ban with fines Ansari-youtuber “Baap of Chart” 17.2 Cr

Sebi Ban with fines ‘ Mohammad Ansari -youtuber Baap of Chart’ Rs 17.2 Cr

Mumbai: Mohammad Nasiruddin Ansari has been barred by the Securities and Exchange Board of India (Sebi) from the securities market and instructed to deposit ₹17.20 crore in illicit gains that he claims were acquired through fees from his “educational courses” on the markets. Ansari has a profile named “Baap of Chart” (BoC) on a number of social media sites, including X (previously Twitter), where he makes buy and sell suggestions.

Ansari was allegedly operating as an investment adviser without being registered with the regulator.

According to the the Securities and Exchange Board of India (Sebi) as regulator, it has noticed that Ansari is marketing himself as an authority on the stock market on various social media platforms, enticing potential investors to enrol in his “educational courses,” and persuading them to make investments in the securities market by offering them the chance to profit almost certainly if the advice is followed.

Ansari is the only owner of BoC, which is a proprietorship.  it was noted that Ansari had posted his “educational courses” on apps, where he was charging investors to access his “classes” and collecting fees for enrollment in the courses.

Moreover that, it is discovered that Ansari advises clients in private groups on what to buy and sell. According to Sebi, it was noted that the funds received for “educational courses” were credited to Nasir and BoC’s bank accounts.

Rajput Jain & Associates

Rajput Jain & Associates is a Chartered Accountants firm, with it's headquarter situated at New Delhi (the capital of India). The firm has been set up by a group of young, enthusiastic, highly skilled and motivated professionals who have taken experience from top consulting firms and are extensively experienced in their chosen fields has providing a wide array of Accounting, Auditing, Taxation, Assurance and Business advisory services to various clients and their stakeholders. Rajput jain & Associates, a professional firm, offers its clients a full range of services, To serve better and to bring bucket of services under one roof, the firm has merged with it various Chartered Accountancy firms pioneer in diversified fields. We have associates all over India in big cities. All our offices are well equipped with latest technological support with updated reference materials. We have a large team of professionals other than our Core Team members to meet the requirements of our prospective clients including the existing ones. However, considering our commitment towards high quality services to our clients, our team keeps on growing with more and more associates having strong professional background with good exposure in the related areas of responsibility.

Recent Posts

Loan Against Shares Interest Rates Explained: Investors Know

Loan Against Shares Interest Rates Explained: What Investors Should Know In India’s dynamic financial market, investors often look for flexible… Read More

1 week ago

Why and How to Avoid Useless Expenses this Diwali

Why and How to Avoid Useless Expenses This Diwali – A Nature Lover’s Perspective  October 2025 Diwali, the festival of… Read More

1 week ago

How to manage repayment effectively personal loan of 3 lakhs

How to manage repayments effectively on a personal loan of three lakhs Taking a Rs. 3 lakh personal loan can… Read More

1 week ago

Procedure of Member’s Voluntary Winding Up under Co Act 1956

Procedure of Member’s Voluntary Winding Up under the Companies Act, 1956 A Members’ Voluntary Winding Up is a mode of… Read More

1 week ago

Financial Transactions That Can Trigger Income Tax Scrutiny

Top 10 Financial Transactions That Can Trigger Income Tax Scrutiny : The Income Tax Department keeps a close watch on… Read More

2 weeks ago

Overview of the Internal Audit Iceberg Concept

Overview of the Internal Audit Iceberg Concept Apache Iceberg introduces a powerful feature called Integrated Audits, which allows organizations to… Read More

2 weeks ago
Call Us Enquire Now