The Securities and Exchange Board of India (SEBI) has taken strict action against YouTuber Ravindra Balu Bharti and his firm, Ravindra Bharti Education Institute, who give investment advice in the stock market. India's stock market regulator SEBI has taken this action for running an investment advice business without registration.

SEBI has also restricted YouTuber Ravindra Balu Bharti's access to the stock market till April 4, 2025. Not only this, the regulator has also directed to return the amount of Rs 9.5 crore earned through unauthorized activities.

Why was YouTuber banned?

According to the report of 'TOI', SEBI found in its investigation that Ravindra Balu Bharti and his company advised people to invest without registration.

Through Ravindra Bharati Education Institute, he lured inexperienced investors to invest in the stock market. Two YouTube channels owned by Ravindra Balu Bharati have 19 lakh followers.

SEBI found in its investigation that Ravindra Balu Bharti encouraged his followers to make risky investments. The company did not disclose the risks related to the investment and continued to give advice without the necessary registration from SEBI. It also earned a lot of money by doing such work. It is alleged that Ravindra Balu Bharti encouraged individual investors to sell several investment schemes. He also influenced the decisions of the investors.

SEBI's order states that Bharti's company has violated securities laws. Apart from the heavy penalty, SEBI has banned Bharti, his company and several associates from engaging in any securities market activity till April 2025. They have also been prohibited from providing investment advisory services without registration. Apart from this, an additional fine of Rs 10 lakh has been imposed on Bharti and his associates.