• Fraudsters present themselves as expert stock market advisors on YouTube.
• They charge people for financial advice without legal approval.
• Followers suffer huge losses due to misleading investment guidance.
• SEBI intervenes and bans fraudulent financial influencers.

SEBI Bans YouTube Influencer for Running Investment Scam (2024)

Case Breakdown:

• YouTuber Ravindra Balu Bharti ran an unregistered investment advisory service on YouTube.
• He provided stock market tips and trading recommendations for paid subscribers.
• Investors followed his advice and suffered financial losses due to misleading recommendations.
• SEBI conducted an investigation and banned him from securities trading until April 2025.
• Legal action was taken to prevent similar unregistered financial advisory scams.