Ravindra Balu Bharti, a popular financial influencer, has been fined ₹9.5 crore by the Securities and Exchange Board of India (SEBI). SEBI has also banned Bharti and his firm, Ravindra Bharti Education Institute, from participating in the securities market until April 4, 2025. The penalty and ban were imposed because Bharti was providing investment advice without proper registration.
Ravindra Bharti is well-known in the financial world. He is a financial influencer, commonly referred to as a “finfluencer,” with a strong online presence. Bharti runs multiple YouTube channels and social media platforms where he discusses stock markets, investments, and trading strategies. His firm, Ravindra Bharti Education Institute, claims to educate people about investments and market opportunities. Over the years, Bharti built a significant following among individuals interested in making money in the stock market.
However, SEBI found Bharti guilty of several violations. His YouTube channels allegedly promoted and sold multiple investment plans to the same clients. This approach limited the clients’ ability to make informed trade decisions. SEBI also pointed out that Bharti failed to inform clients about the risks involved in these investment plans. According to SEBI, such practices mislead investors and cause financial harm.
The case came to light after complaints from individuals who felt misled by Bharti’s advice. SEBI’s investigation revealed that Bharti was offering investment advice without registering as an Investment Advisor, which is mandatory under SEBI regulations. The regulator emphasized that unregistered investment advice is illegal and can hurt investors.
In its order, SEBI highlighted the dangers of unregulated financial advice. SEBI officials stated that Bharti’s actions violated the rules meant to protect investors and ensure transparency in the securities market. By fining Bharti and banning him from the market, SEBI aims to send a strong message to other finfluencers who might engage in similar practices.
Ravindra Bharti has not yet commented on SEBI’s decision. Legal experts believe he may appeal the order in court. Meanwhile, SEBI has urged investors to verify the credentials of financial advisors before taking their advice. The regulatory body has also warned against blindly following influencers on social media.
This incident has raised concerns about the growing influence of finfluencers in India. While many offer valuable insights, unregulated advice can lead to significant losses for investors. SEBI’s action against Ravindra Bharti is seen as a step toward ensuring accountability and protecting the interests of retail investors.