Sebi launches Rs 18 crore recovery proceedings against ‘Baap of Charts’ finfluencer, others

Market regulator Sebi has initiated recovery proceedings against finfluencer 'Baap of Charts' (Mohammad Nasiruddin Ansari), Rahul Rao Padamati, and Golden Syndicate Ventures Pvt. Ltd. for failing to pay dues totaling around Rs 18 crore. Sebi previously banned Ansari for acting as an unregistered investment adviser, luring investors with promises of profit.