Have a look at the bio, age and wife of Ravindra Balu Bharti
YouTuber Ravindra Balu Bharti and his business, Ravindra Bharti Education Institute, were the target of action taken by SEBI on Tuesday.
Due to allegations that Ravindra Balu Bharti operated an unregistered investment advising firm that deceived several novice investors, the regulatory authority has prohibited him from engaging in the securities market until April 4, 2025.
Additionally, because the Rs 9.5 crore he gained through unlawful operations was obtained in contravention of the law, SEBI asked him to return it.
Who is Ravindra Balu Bharti as YouTuber, educator and FinFluencer is banned and fined by SEBI, biography, age, father, wife, education and net worth
The constant trading also ensured a steady stream of clients for Ravindra Bharti’s father’s, Balu Motiram Bharti business as AP of a stockbroker.
SEBI penalizes Ravindra Balu Bharti a value of ₹12 Crore 3 Lakh for running illegal PMS/advisory firm in the name of a Stock Market Educational Institute in Pune.
The owner even had 2 YouTube Channels with over 2 Million Subscribers.
Violations:
1. Profit Sharing schemes
2.… pic.twitter.com/7HWprUxCum— A Digital Blogger (@adigitalblogger) April 5, 2024
In its final ruling, SEBI pointed out that the Ravindra Bharti Education Institute had exploited its facilities and staff to entice unskilled clients into the securities market through unlicensed investment advice, trading suggestions, and execution.
Age 35 Ravindra Balu Bharti, a YouTuber and finfluncer from Maharashtra, made a fortune in the equities markets by starting a platform and sharing his opinions and suggestions on how to make market investments.
An engineering graduate from Bharti Vidyapeeth, Pune, Bharti currently manages an equity portfolio exceeding Rs.720 crores, propelled by a mission to impart financial literacy about the stock market across India. His exact net worth isn’t known though.
Ravindra Balu Bharti, founder of Ravindra Bharti Education Institute Pvt. Ltd. (RBEIPL), began his journey in 2016 along with his wife, Shubhangi Bharti who he recently celebrated his marriage anniversary with back in November.
CMD Ravindra Bharti, an illustrious visionary, laid the foundation for Bharti Share Market, now an influential institution headquartered in Pune’s Marvel Fuego, Magarpatta. He embarked on his stock market journey in 2004, showcasing resilience and determination and has swiftly risen to become a significant force in the share market.
With an outreach of over 1.7 lakh students and 710+ franchises, Bharti Share Market is dedicated to enlightening over 10 crore Indians and Ravindra Bharti has authored 12 insightful books about the stock market.
His ascent occurred at a pivotal moment, as the number of investors trading in the markets has skyrocketed due to the development of technology and improved internet access. In Pune, Maharashtra, he was also able to establish the Ravindra Bharti Education Institute, further solidifying his authority.
Sebi has directed a YouTuber, who provides stock market training, to deposit over Rs 12 crore earned through illegitimate means.
Ravindra Balu Bharti, the financial educator, must transfer the funds into an interest-bearing Escrow Account in a nationalized bank as instructed by… pic.twitter.com/NVm5XsZqdd
— INDIA Talks (@India_Talks24) April 7, 2024
In April of this year, market watchdog SEBI took the first legal action against Bharti, ordering him to pay a punishment exceeding Rs 12 crore. Ravindra Bharti Education Institute Pvt Ltd (RBEIPL) was established by Bharti in 2016.
Ravindra Balu Bharti’s scam
Ravindra Balu Bharti utilized his internet popularity to entice followers into dangerous investments. He has two well-known YouTube channels with a combined subscriber count of 19 lakh. His business, Ravindra Bharti Education Institute, promised investors “high returns” and that they would profit greatly from the stock market. The problem is that the business was not even registered with Sebi, which is necessary in order to legally offer trade recommendations or investment advice.
In addition to offering haphazard counsel, Bharti and his group marketed the same individual several investment plans, which hindered their capacity to make independent choices. They failed to fully disclose all financial information to their clients or adequately warn them of the risks associated with these transactions. Due to their incomplete awareness of the hazards, many novice investors were left open to suffering significant losses.
The market regulator said, “The YouTuber influencer, his company and three associates are “restrained from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, till April 4, 2025”.
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