Baap Of Chart run youtube channel with more than 440K subscribers where he provide accurate signals of future and options. He make money from people by selling courses, selling courses is not bad but if you assured people guaranteed profits then this is scam. SEBI analyse his profit and loss statement and they concluded his was in loss of 2.8 Crores from financial year 2021 to july 2023.
Who is Nasiruddin Ansari Baap Of Chart ?
He is a stock market expert with more than 3 years of experience in stock market. He entered into stock market in corona and think about sharing knowledge about financial market and aware people from his videos.
He invited people to join his telegram group and provide calls and signals through paid channels. Providing calls and signals is right only if you have legal permission from government of india.
He provide calls from whatsaap, telegram, and private application name baap of chart.
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How Much Money Did Baap Of Chart Make ?
SEBI research and investigate on baap of chart and in conclusion SEBI slapp fine of 17.5 Crores on nasiruddin ansari. He sell his courses without taking permission from SEBI that’swhy SEBI slap fine on him.
Prior to this incident P.R Sundar also banned from market when SEBI investigate him selling courses. Ansari selling around 17-19 courses about financial market and out of them 4-5 assured investors and traders guaranteed profits.
He take money directly into his kotak mahindra bank thorugh UPI and remaining amount with his venture golden syndicate primary shareholder in this company.
Moneycontrol website first share about his illegal business thorugh his courses in march 2023.
The regulator has passed an interim order to prevent “the continuation of any further fraudulent or unregistered activities in the interest of investors, and for impounding and retaining such quantified alleged illegal gains”.