Financial Influencer News

SEBI Ban Financial Influencer: The Securities and Exchange Board of India (SEBI) has barred YouTuber and financial influencer Asmita Jitesh Patel and her trading school from participating in the capital markets for allegedly providing unregistered investment advice. The ban covers six entities, including Asmita Patel Global School of Trading (APGSOT), Asmita Patel, Jitesh Jethalal Patel, King Traders, Gemini Enterprise, and United Enterprises, for offering unauthorized investment advisory services. Moreover, the SEBI found that buy/sell recommendations for specific securities were shared through Telegram channels owned by APGSOT. Many investors who followed her "stock tips" on Instagram and Telegram reportedly suffered significant financial losses. 

Health and wellness influencers are often seen offering advice on using specific supplements, ministry officials said, adding that the government only wants to ensure whether they are just endorsing a product and selling a product in the name of nutrients, or are genuine specialists in the field.