Tag #Sebi

What are the immediate consequences of Sebi's ban on Asmita Patel and other financial influencers in India?

The Securities and Exchange Board of India (Sebi) banned YouTuber Asmita Patel, known as the "She-Wolf of the stock market," and six others from trading for allegedly selling illegal stock tips disguised as investor education. Sebi alleges Patel earned over \$11.4 million from courses while making only \$13,700 in trading profits over five years. This ban follows a surge in online trading accounts in India, fueled by the post-pandemic market boom, and the rise of unregulated financial influencers.