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"5 MINS Sureshot profit" - SEBI Bans Mohammad Nasiruddin Ansari - Social Media Influencer/youtuber who provided stock recomendations under brand 'Baap of Chart'
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....5 MINS Sureshot profit" - SEBI Bans Mohammad Nasiruddin Ansari - Social Media Influencer/youtuber who provided stock recomendations under brand 'Baap of Chart' <br>News and Press Release<br>Dated:- 26-10-2023<br><BR>============= Document 1A. WTM/AN/MIRSD/MIRSD-SEC-6/29693/2023-24 SECURITIES AND EXCHANGE BOARD OF INDIA INTERIM ORDER CUM SHOW CAUSE NOTICE UNDER SECTIONS 11(1), 11(4), 11B AND 11D OF SECURITIES AND EXCHANGE BOARD OF INDIA ACT, 1992 In respect of: Name PAN Noticee No. 1. Mohammad Nasiruddin Ansari BYSPA0419E 2. Rahul Rao Padamati CRTPP4198Q 3. Tabraiz Abdullah BCMPA2384Q 4. Asif Iqbal Wani ADHPW0201D 5. Golden Syndicate Ventures Pvt. Ltd. AAJCG9452E 6. Mansha Abdullah CUJPM4587K 7. Jadav Vamshi BJFPJ9368B (The above entities are individually referred to by their corresponding names/ numbers and collectively referred to as "Noticeesâ€) In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart BACKGROUND 1. On an analysis of certain tweets on Twitter (now X) & Telegram, Mohammad Nasiruddin Ansari ("Md. Nasir / Nasir") was prima facie observed to be providing recommendations (buy/sell) through social media in the name ....
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....of "Baap of Chart" ("BOC") in the garb of providing educational training related to securities market. Pursuant to the same, Securities and Exchange Board of India ("SEBIâ€) initiated examination against Nasir in order to ascertain whether Nasir is engaged in offering investment advisory services without SEBI registration through social In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 1 of 45 media / other means and thereby, violating inter alia provisions of the Securities and Exchange Board of India (Investment Advisers) Regulations, 2013 ("IA Regulations") and Securities and Exchange Board of India Act, 1992 ("SEBI Act, 1992"). The examination period in the instant matter is from January 01, - 2021 July 07, 2023. However, reference outside this period has been made wherever required. 2. During the course of examination, it was observed that Nasir is promoting himself as a stock market expert on various social media platforms and luring investors/ clients to enrol for various ‘educational courses' offered by him and inducing them to invest in securities market by promising them the prospect of making profit....
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....s with near certainty if the recommendation/ advice is followed. As per the material available on record, BoC is a proprietorship firm with Nasir being the sole proprietor. Further, it was observed that Nasir has uploaded his 'educational courses' on website/ apps through the application services provided by Bunch Microtechnologies Private Limited ("Bunchâ€) wherein he is collecting money for enrolment in the said courses and providing access to his 'classes' to investors/ clients. Also, Nasir is found to be providing buy/sell recommendations in private groups of his investors/ clients. It was observed that the amount collected for 'educational courses' was credited into the bank accounts of Nasir, BoC, Golden Syndicate Ventures Pvt. Ltd. (company in which Nasir is a significant shareholder) and P. Rahul Rao (another significant shareholder of Golden Syndicate Ventures Pvt. Ltd.). 3. I have perused and considered the findings of examination and the material available on record. I find that essentially, the issue that requires to be addressed in the present matter is whether Noticees have induced / influenced investors to deal in securities through false/ misleading information....
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.... and indulged in unregistered investment advisory activities under the garb of providing educational training through sale of courses/ workshop services. The relevant provisions of IA Regulations providing definition of investment advice and investment adviser are reproduced below: In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 2 of 45 "Definitions. 2. (1) ..... (1) "investment advice" means advice relating to investing in, purchasing, selling or otherwise dealing in securities or investment products, and advice on investment portfolio containing securities or investment products, whether written, oral or through any other means of communication for the benefit of the client and shall include financial planning: Provided that investment advice given through newspaper, magazines, any electronic or broadcasting or telecommunications medium, which is widely available to the public shall not be considered as investment advice for the purpose of these regulations; (m) "investment adviser" means any person, who for consideration, is engaged in the business of providing investment advice to clients or other persons or group ....
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....of persons and includes any person who holds out himself as an investment adviser, by whatever name called;" 4. From the above, I note that to classify a person as Investment Adviser, the following two factors need to be determined: (i) First, whether the person is providing investment advice or holds out himself as an investment adviser, by whatever name called. (ii) Second, whether such person is providing the investment advice for a consideration. C. ACTIVITIES OF THE NOTICEES AND FEES COLLECTED 5. During the course of examination, SEBI vide letter dated January 12, 2023 sought certain information from Nasir. In response to the same, Nasir inter alia provided the following information vide e-mail dated January 21, 2023 (through [email protected]): S. No. Details sought (i) Business Activities Table - 1 Details provided Coaching and workshop In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 3 of 45 (ii) Demat / trading accounts (iii) Phone Numbers (iv) Social Media Accounts (v) Link of the Website being operated (vi) Details of directorships/partnerships Details of Shareholding (v) Zerodha XA1383 Angel Broking: M29....
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....0475 Upstox: 151018 Alice blue: PAT279 Choice Broking: KJM006 90******07 and 63******36 Twitter: @Baapofchart Instagram: @Baapofchart Facebook: @Baapofchart Telegram: @Baapofchart & @XROKCERS5 Youtube: @Baapofchart Personal social media: Instagram: Mdnasirboc Facebook: Mdnasirboc Youtube: NasirTalks www.baapofchart.com Golden Syndicate Ventures Pvt. Ltd. (PAN: AAJCG9452E) Date of Appointment: 27/07/2022 Golden Syndicate Ventures Pvt. Ltd. 25% Share holding 6. Further, in the aforesaid e-mail, Nasir denied providing any advice relating to investment in securities markets and providing any buy / sell / hold recommendation in respect of securities. 7. During the course of examination, it was observed that through the videos/ pictures posted on his YouTube Channel/ Twitter, Nasir was luring people to enroll for his 'educational courses' offered through a website (https://rjdif.courses.store/) apps & (https://play.google.com/store/apps/details?id=co.robin.rjdif&pli=1 https://apps.apple.com/us/app/baap-of-charts/id1630765942). In this regard, during examination, it was observed that Razorpay is the payment aggregator for the 'educational courses'/ ‘workshops' mentioned on the afore....
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....said website/ apps. Razorpay informed SEBI that Bunch has been onboarded on Razorpay platform and the payments for the aforesaid URLs are routed by Bunch. It further informed that BoC are the content creators of the aforesaid URLs and Bunch has In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 4 of 45 onboarded them as their customers. As per Razorpay, Bunch provides a content marketplace helping creators to create URLs, listing of their content and helps them monetize the same. Bunch informed SEBI that the following entities were the beneficiaries of the amount received through 'educational courses' put up on the aforementioned website/ apps: Table - 2 S. No. Name of Content Creators Bank Account Numbers of Content Creators 1. Padamati Rahul Rao 2. Baap of Chart 3. Golden Syndicate Ventures Pvt. Ltd. 7512208658 & 8125749008 7946143525 59231100000012 8. Subsequently, further details with respect to the aforesaid website/ apps were inter alia sought from Bunch. Bunch informed SEBI that it is engaged in B2B ed- tech sector, providing white labeled SaaS application services and/or other online institutes (on social media pl....
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....atforms like Telegram) management services to educators/ tutors/ content creators. Bunch further informed that as part of the onboarding process, the tutor may opt for creation of an application and/ or web page to list his courses. The tutor lists his courses on the application created for/ services provided to him by Bunch and the tutor's students can purchase such courses from the application/ online institute. Payments made by students on the application/ online institutes for purchasing courses are facilitated through Razorpay. I note that Nasir listed the ‘educational courses'/ 'workshops' on the website/ apps created on the platform provided by Bunch and collected amount from clients/ investors for providing access to such ‘educational courses'/ 'workshops'. The details of amount collected and the beneficiary bank accounts are discussed later in this Order. I note that apart from ‘educational courses' provided online by Nasir through Bunch platform, Nasir also organizes physical workshops in various cities for ‘educating' his clients/ investors about securities markets. 9. Therefore, to assess BoC/ Nasir's conduct, I must evaluate if his activity was ....
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....in fact one of rendering advice and inducing to trade couched as offline and online education, as well as his method of receiving consideration for the same and the terms thereof. In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 5 of 45 OFFLINE ACTIVITIES 10. As per the examination, Nasir conducts offline workshops pertaining to securities market. In a video posted on September 13, 2022 on the YouTube channel of Nasir (@Baapofchart) for one such offline workshop, it was mentioned on screen "Rs. 80,000/- Profit in live trading with 500+ students". A snapshot of the same is provided below: ment youtube.com/watch?v=jpWiHRF6FaQ ► YouTube IN Search OCT 17550 PE NRML 237.00 OCT 18050 PE KNIFTY 15th SEP 40200 PE N 門 15th SEP 17800 PE 15th SEP 17700 CE 14.30 COMPLETE Rs 80,000/- Profit in live trading with 500+ students 0:34 / 0:45 Mumbai Physical Workshop Day 1 Trailer CHART Baap of Chart 407K subscribers 41,106 views Sep 13, 2022 Subscribe CC 2.2K Share ↓Download SUBSOMBO ONLINE ACTIVITIES WEBSITES AND MOBILE APPS 11. During the course of examination, it was observed that following websites/apps were being....
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.... promoted by Nasir/ BOC on their aforesaid social media: 11.1 https://rjdif.courses.store/ 11.2 https://play.google.com/store/apps/details?id=co.robin.rjdif&pli=1 11.3 https://apps.apple.com/us/app/baap-of-charts/id1630765942 11.4 https://baapofchart.com/ 11.5 https://bocalgo.com/ In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 6 of 45 12. With respect to website/ apps mentioned at 11.1-11.3 above, the following was observed during the course of examination: 12.1 Razorpay was the payment aggregator for these website/ apps. Accordingly, information was sought from Razorpay about the entities operating the said website/ apps. Razorpay informed SEBI that Bunch Microtechnologies Private Limited ("Bunchâ€) was the merchant for the aforementioned links. Razorpay further informed that Bunch has onboarded "Baap of Chart" who are content creators associated with the provided URLS. 12.2 In view of the information received from Razorpay, information was sought from Bunch about the entities operating the aforementioned links and the payments made to such entities for the amount collected by Razorpay from the said URLs. In res....
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....ponse to the same, Bunch informed SEBI that it provides application services to educators/ tutors/ content creators ("tutorâ€) and as part of onboarding, tutor may opt for creation of an application and/ or web page to list their courses and the tutor's students can purchase such courses from the application / online institute. The payments made by the students on the application/ online institutes for purchasing courses are facilitated through Razorpay. In the instant matter, courses/ workshops are being offered by Nasir/ BoC through the services offered by Bunch. Further, Bunch inter alia provided the names of beneficiaries of the bank accounts wherein payments for the courses on said website/ apps are being credited: Table - 3 Names of Beneficiaries Baap of Chart Padamati Rahul Rao S. No. 1. 2. 3. 4. Golden Syndicate Ventures Pvt. Ltd. Mohammad Nasiruddin Ansari 12.3 12.4 As already stated at paragraph 5 above, Nasir admitted that he is a director of Golden Syndicate Ventures Pvt. Ltd. ("GSVPL/ Golden Syndicate") and has 25% shareholding in GSVPL. Upon perusal of the website (https://rjdif.courses.store/), it was observed that 19 courses/ workshop relating to securities mar....
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....ket were being sold by Nasir. The details of courses are provided below: Table - 4 In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 7 of 45 12.5 S. Name of the course/workshop Actual Offer Price No. Price (INR) (INR) 1 The secrets of data reading 51,000 6,000 2 D 30 strategy 10,000 5,001 3 MSP-(Make Sureshot Profit) 33,000 6,000 4 360 Degree Expiry Strategy 15,000 5,100 5 6 Advance Hedging Course 9,000 2,400 Bengluru Workshop (1st instalment) 9,000 6,000 7 200X Option Buying Strategy 6,000 1,500 8 Banknifty 325 Premium Strategy (3months) 18,000 12,000 9 Banknifty 325 Premium Strategy 9,000 6,000 10 Banknifty Shaktiman Strategy 6,000 3,300 11 Scalping Trading full 4 days Course 9,999 6,600 15 12 Scalping Trading Course (Day 05) 13 Scalping Trading full 5 days Course 14 Scalping Trading Course (Day 04) Scalping Trading Course (Day 03) 5,001 2,400 18,000 9,000 5,001 2,400 5,001 2,100 16 Scalping Trading Course (Day 02) 5,001 2,400 17 325 Premium Strategy 3 to 4 strategies in one video 2,400 18 325 Option Buying Strategy 1,100 19 BOC 145 Premium Strategies with Trading Psychology 5,000 1,500 In respect of some of the afores....
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....aid courses, the following statements were observed in their description: 200X Option Buying Strategy S. Name of the course No. 1 2 3 325 Premium Strategy | 3 to 4 Strategies in one Video MSP-(Make Sureshot Profit) 4 Bank Nifty Shaktiman Strategy Table - 5 Statement in the description of the course You can make consistent profit. You can make money in all types of markets With MSP, you can recover all losses with a 99% guarantee Get a chance to earn 200-300% Profit 12.6 12.7 It is observed that Nasir is assuring or promising, with unnaturally high degree of certainty, returns/ profit/ guaranteed recovery from losses by adhering to the recommendations made in the aforesaid courses. During the examination, Bunch informed SEBI that in the courses offered on its platform, chat functionality is provided wherein tutor can connect with students and share information/documents/ content and communicate in real time. For the courses sold on this platform, a private group is created for the clients/ investors who purchased the courses. Bunch informed that these are closed chat groups in which the tutor determines who may or may not participate. Further, Bunch also informed that tutor has the ....
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....freedom to create In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 8 of 45 12.8 chat groups as it requires and may as required delete, add or modify any parameters of the chat (such as title of the chat group, permitted participants, content or topics discussed on the chat, deletion of chats etc.). In this regard, a few messages posted on such group by the tutor (Baap of Chart having email id - [email protected] used/operated by Nasir) are as follows: 12.7.1 Add one lot in 18450 ce cmp 200 rest we will see in live 12.7.2 In 325 u can close position cost to cost who was one sided bullish can book profit 12.7.3 Given good point, u can book long position 12.7.4 Book small profit in pe 12.7.5 Buy 18700 pe 2 lots at cmp of 8th June (emphasis supplied) Also, as can be seen from the above messages, he is providing buy/sell/ hold recommendations in securities to his clients/ investors under the garb of providing courses related to securities market. 13. With respect to website/ apps mentioned at 11.4 & 11.5 above, the following was observed: 13.1 On the website of BoC (https://baapofchart.com/), Nasir is offering courses me....
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....ntioned at S. Nos. 2-4 at Table - 4 above and seeking fees for such courses as mentioned in the said Table – 4 above. From the description of courses provided on the said website, it is observed that Nasir claims that the strategies taught in his courses would result in assured profits. For instance, in the course D 30 Strategy Option Buying, it is stated that D 30 means daily 30-point sure shot profit. Similarly, for the course 360-Degree Expiry Strategy, it is mentioned that Minimum Capital should be 30k to make 1 L Every Expiry. It is observed that payment is sought for such courses through UPI IDs (nasirboc@kotak or bocalgo@Kotak) and as per the website, upon sending screenshot of payment to their email ID ([email protected]), the clients will be added to groups for respective 13.2 courses. Similarly, on the website https://bocalgo.com/, Nasir is seeking payment for the strategies through UPI ID- bocalgo@kotak and it is stated on the In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 9 of 45 website that upon receipt of payment, strategy link will be provided to clients. As per the website, the following ar....
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....e the charges for the strategies sold by Nasir: Table - 6 S. No. 1. Strategy Name Jackpot Positional Charges (INR) 2. Jackpot Intraday 3. Jackpot Intraday Option Selling 3400 for one month plus 5% profit sharing 3300 for one month plus 5% profit sharing 3000 for one month plus 5% profit sharing 13.3 Further, as per the website, all three strategies are sold together for INR 9000 plus 5% profit sharing. As the aforementioned two UPI IDs were publicized on the said websites for collecting fees from clients/ investors, details of the bank accounts linked with these two UPI IDS were sought from Kotak Mahindra Bank ("Kotak Bank"). As per the information provided by Kotak Bank, the aforesaid UPI IDs are linked to the following accounts: Table - 7 Sr. UPI ID No. Account Number and Name of the Bank Name of the PAN Account Holder 1 nasirboc@kotak 2714680394 - Kotak Mohammad BYSPA0419E Mahindra Bank Nasiruddin Ansari 2 bocalgo@kotak 7946143525 - Kotak Mahindra Bank BYSPA0419E Baap of Chart 13.4 It is observed that Bank Account number 2714680394 is in the name of Nasir. Further, as per the details provided by Kotak Bank for account number 7946143525, the account was opened in the name of BoC ....
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....on February 02, 2022 which is declared to be a sole proprietorship and Nasir is the sole proprietor/ authorized signatory of BoC. Further, at the time of opening the said bank account, Nasir submitted a Certificate of Registration from Labour Department, Government of Telangana which provides that BoC is registered under Telangana Shops & Establishments Act, 1988 on February 02, 2022 wherein Nasir is shown as an employer and BoC is declared to be in the business of IT Services and Solutions. Further, Nasir is the authorized signatory for operating the Kotak Bank Account number 7946143525. In In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 10 of 45 view of the aforesaid, I note that both the UPI IDs, wherein fees is collected from clients/ investors, are linked to Nasir. INVESTMENT ADVISORY ON PRIVATE GROUPS/ WHATSAPP 14. During the course of examination, vide e-mail dated June 29, 2023, SEBI received a complaint against Nasir/ BOC alleging the following: 14.1 Complaint against Md Nasir aka Baap of charts who is looting the retail traders by showing assured returns. 14.2 14.3 Md Nasir claims to provide assured returns w....
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....ith 100 percent guarantee else he will refund 3 times the amount paid. Sure shot 30000 returns with 100000 capital in options with minimum 50k returns on the expiry day. 15. The complainant alleged that he paid INR 6000 for strategy. In pursuance of the same, he provided the following screenshots of private/ whatsapp groups operated by Nasir/ BoC: Screenshot 1 Screenshot 2 Screenshot 3 19:48 INDOO MSP BATCH 1 12% 19:47 IND OO12% O MSP INFO Announcements 19:47 INDO MSP INFO Announcements 12% Your replies have been turned off 22 June 2023 BOC What 10:25 AM 10:35 AM Wh 1686230140912_IMG_2064.png 06:45 pm I hope aaj aaplog expiry me achha profit kiye honge On every expiry day 2:35 PM trend is always sureshot 1W 1M TY SY ALL Overview F&O 11:39 06:46 pm BOC Whatsapp 116.80 *55.25 43,800 41.57 30.25% BANKNIFTY 43,889.30 (+0.07%) 264.10 43,900 10229 42.23% 06:47 pm dono 50 se 60 me aaye tab 2023/06/09 13:29 buy kro 13:30 ek ek lot 13:30 02:19 pm Todays again trade trigger in nifty and given sureshot profit If you will not make profit its your mistakes 02:19 pm Who are new or who have confusion watch videos again and again BOC Whatsapp Photo book profit 13:39 BOC Whatsapp Only community adm....
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....ins can send messages 02:21 nm 21 June 2023 Loss Recovery Strategy: Minimum Capital Should be: 3 L TO 10 L Every Month Profit Possible: minimum 3 Lakhs to 6 Lakhs and on Expiry day Minimum 5 Lakhs Maximum Risk: 30k to 40k Profit Sharing: 30% (Weekly Settlement) Advance: 15k which will be adjusted in 1st Profit, right now you have to pay only 15k Payment mode upi : nasirboc@kotak After payment, Nasir sir will give you dedicated support in the live market and he will guide you personally one by one. After payment send your number and payment screenshot so that Nasir sir can call you and guide you. POC Whataann 00:12 Only community admins can send messages ব In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 11 of 45 16. From the aforesaid screenshots, it is observed that Nasir is inducing clients/ investors by assuring profits/ returns of a minimum INR 3,00,000 and extending to 6,00,000 per month and also giving recommendation to buy. Further, it is also stated that upon payment for courses, Nasir will give dedicated support and guide everyone personally for live market transactions. In view of the above, I note that u....
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....nder the garb of providing courses related to securities market, Nasir is giving recommendations to the clients in private groups and luring investors/ clients to invest in securities market by assuring returns. ACTIVITIES ON SOCIAL MEDIA 17. The YouTube channel of Nasir (@Baapofchart) has more than 4.43 lakh subscribers and more than 7 crore views. As per the examination report, upon analysis of certain videos posted on the said YouTube channel, it was observed that videos were in the nature of promising quick and consistent returns through trading. For reference, some of the videos are highlighted below: 17.1 Bas 5 minutes me Sureshot Profit Kro | 3 Pm Strategies (posted on January 06, 2023) - In the said video, Nasir explained one strategy which he claims to have an accuracy of 80-90% and if hedged, the accuracy increases to 90%. A screenshot of the said video is provided below: ↠→ C youtube.com/watch?v=uhdaCwlj7sE YouTube Search h.com/chart/web/ci/INDICES/NIFTYS 0:51/0:57 5421% SENSEX 3.27 4.30 benity fut, ni 43073.05 H 42298.60 Bas 5 minutes me Sureshot Profit Kro | 3 Pm Strategies Baap of Chart Join Subscribe 407K subscribers 552,325 views Jan 6, 2023 #baapofcha....
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....rt #shorts #stockmarket Enter Symb NIFTY SO 31K Share Download In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 12 of 45 17.2 17.3 The video mentioned above, as downloaded, can be viewed by scanning the QR code mentioned below: - Power of Trading | How to make 5 to 10 Lakhs every Month (posted on July 31, 2022) - In this video, Nasir mentioned that they will be learning how to earn 5 to 10 lakhs every month easily with 85% accuracy for which he explained two strategies viz. '145 Strategy' and '325 Strategy' which he said works almost 100% of the times. He further stated that by following these strategies, by investing an amount of INR 1 lakh, there will be a minimum profit of INR 1 lakh. In the said video, he guarantees that investors will earn more profit than their salaries by adopting these strategies and if a loss is suffered even after following these strategies, “investors can slap him during the workshop". A screenshot of the said video is provided below: In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 13 of 45 MAKE 5 TO 10 LAKH PROFIT EVERY MO....
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....NTH WITH 85% GUARANTEE 14:28 Power of Trading | How to make 5 to 10 Lakhs every Month 387K views 11 months ago 17.4 On June 29, 2022, Nasir posted a video on YouTube wherein he asked for the following amounts for providing price or target or hold recommendation along with a guarantee that by taking only one trade, the below mentioned costs would be recovered: Table - 8 S. No. Duration 1. 1 Month Price (INR) 1,500 2. 3 Months 2,400 3. 1 Year 12,000 youtube.com/watch?v=10z5a7B7-ek YouTube 2:31 / 3:53 Search Don't Think Just do it From Tomorrow Trade with dot to dot Levels | Tomorrow FII DII Data Expiry Special Baap of Chart 408K subscribers 21,411 views Jun 29, 2022 Join Subscribe 1.7K ☑ Share Download SUBSORB In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 14 of 45 18. Md. Nasir is also operating a Telegram Group/ Channel “Baap Of Chart Option Hedging" (https://t.me/XROKCERS5) which has around 53,000 subscribers. Upon perusal of the said channel during the course of examination, it was observed that Nasir had posted links to the various videos and subscription plans. Some of the instances are provided below:....
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.... 18.1 One of the videos was titled Risk Free Option Buying Strategy and the screenshot of the same is provided below Back Baap Of Chart Option Hedging Pinned Message 53,802 subscribers Who wants to join 4 days remaining Scalping... July 1 Baap Of Chart Option Hedging https://youtu.be/p4Y80qcrnv4 RISK FREE OPTIC BUYING STRATEGY 400K & BIRTHDAY SPECIAL YouTube Risk Free Option Buying Strategy | 400k & Birthday Special Google Form :https://forms.gle/ ayRcMT27kyB60Sf47 Batch Code: Birthday Connect with us on Official Social Media. About me: https://bit.ly/2EhpXcrInstagr... 15.6K 11:34 AM 18.2 Another video was titled Friday Sureshot Option Buying Strategy | Best Risk Free Strategy. In the description to the said video, Nasir states that he has explained how one can recover all the trading losses with a proper trading mindset and simple tricks and the screenshot of the same is provided below 18.3 Back Baap Of Chart Option Hedging 53,802 subscribers Pinned Message Who wants to join 4 days remaining Scalping... June 2 Baap Of Chart Option Hedging Friday Sureshot Option Buying Strategy | Best Risk Free Strategy https://youtu.be/KOU1KV-Bmc0 FREE PAGY FRIDAY â–º> SURESHOT OPTION BUYING %....
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.... STRATEGY O YouTube Friday Sureshot Option Buying Strategy | Best Risk Free Strategy In this video, I have explained to you how you can recover all your trading losses with a proper trading mindset and simple tricks. Today we will learn about Friday's Option buying Sureshot Strategy which is one of the best option buying strategies for Intraday. it's based on my last 5 Years o. In a message posted on the said Telegram Channel, a 3 month Telegram subscription at INR 12,000 was offered which included learning in In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 15 of 45 live market and a link to the website (https://rjdif.courses.store/280948) was also provided. A screenshot of the said message is provided below ↠Baap of Chart 13.3K followers Again 325TOCK Follow 10:27 AM 56 Today Buy 19300 ce cmp 118 09:58✓ Qty. 1800 Avg. 116.18 NIFTY 05th OCT 19300 CE Home Videos Shorts Live Playlists ( NFO Latest Popular Oldest NRML +19,835.00 LTP 127.20 10:23✔ 134 10:24 AFTER GAP UP WHERE WILL BE EXPIRY? 2:45 THE HERO ZERO STRATEGY GET 2X-5X TRADE 5:48 LEARN ALL SECRETS OF EXPIRY Weekly Analysis for Coming Week | F....
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....IN NIFTY Expiry 11K views 5 days ago The Hero Zero Strategy | Make: 1 Lakhs with 10k Capital 24K views 11 days ago 142 10:26✓ Safe can book 10:26✓ Qty. 1800 Avg. 116.18 NIFTY 05th OCT 19300 CE NFO Message NRML +44,585.00 LTP 140.95 10:26✓ O WILL MARKET BE CONTINOUSLY BULLISH? 2:11 HOW TO MAKE 1CRORE WITH 10K CAPITAL 6:14 TEACHER'S DAY SPECIAL STRATEGY - MONDAY MARKET Home Shorts Weekly Analysis of Nifty and Banknifty | Fin nifty Expiry Special 11K views 2 weeks ago Teachers Day Special Gift for All Students | Make Every Week 1 to 2 Lakhs 30K views 4 weeks ago Monday Nifty and Banknifty : Subscriptions Library Job done ✓ 10:27 AM 69 This channel has added privacy for your profile and phone number. Learn more. In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 38 of 45 1:11 K Baap of Chart 13.5K followers 94% Follow Trading is my main income, course etc is for time pass 64 G 10:41 AM Baap of Chart 13.3K followers Follow Loss to profit, profit to Loss and again Loss to profit 3:11 PM 56 Total P&L +1,94,965.00 Q # Analyze Analytics Who was holding blindly that's is the result 9:19 AM Qty. 0 Avg. 0.00 N....
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....RML 19700 pe for hero zero 9:45 AM BANKNIFTY 04th OCT 44100 CE +69,169.50 NFO LTP 309.05 Yes current expiry 9:48 AM✔ 147 cmp 9:48 AM✓ Qty. 0 Avg. 0.00 FINNIFTY 03rd NRML OCT 19550 CE +32,248.00 You NFO LTP 183.50 19700 pe for hero zero Hero zero 19600 pe 9:48 AM Qty. 0 Avg. 0.00 55 cmp NIFTY 05th OCT 19400 CE NRML +91,895.00 9:48 AM✓ NFO LTP 148.85 You 19700 pe for hero zero QIY 9 Avg 0.00 400 ant How many want timely updates of my position 280 This channel has added privacy for your profile and phone number. Learn more. Baap of Chart 13.3K followers 308 10:46 AM V Follow Aaj 9 pm Youtube live Hai, 2 din kese guzar gya pta bhi nhi chala, 2 din kya 9 Months pta nhi chala 8:24 PM 86 Kuchh new learnings krenge 8:25 PM 98 LIVE O NOW MAKE RAILY SURESHOT PROFIT WITH BOC AI Hero Zero Strategy | BOC AI | Q&A www.youtube.com YouTube https://www.youtube.com/live/Nx3JfDeX8Ec?si= K7MPIXEQNI-s-HFe 8:41 PM Live at 9 pm. 81 8:41 PM A62 3 Months ke Bad Youtube live kiye, aaplog itna nur die unka live thank you This channel has added privacy for your profile and phone number. Learn more. Available margin (Cash + Collateral) O This channel has added privacy for your profile and pho....
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....ne number. Learn more. 3:53 PM In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 39 of 45 48. It is noted that registration and regulation of intermediaries provides assurance of quality and standards to their clients / investors. They are subject to regulatory purview of SEBI which inter alia monitors their compliance with the law. Registration of such investment advisers is also subject to satisfaction of 'fit and proper' norms. The requirements under IA Regulations are aimed at the protection of the investors in the securities market. Therefore, turning a blind eye to unqualified and unregulated investment advisory services can cause irreparable damage to the integrity of securities market. Such services may adversely impact the orderly development of securities market apart from hurting the interests of the investors in the market. 49. Considering the facts and circumstances of the present matter and on the basis of the prima facie findings, it is necessary to take urgent preventive action in this matter and to take immediate steps to prevent the noticees from collecting any more fees from the public and from indulgi....
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....ng in unregistered investment advisory activities. As per material available on record, monies are being received in the aforementioned bank accounts at least till the examination period, and the bank accounts and social media channels are still active. The aforesaid prima facie demonstrates that persons may still be lured to deal in the securities market due to the activities of the Noticees which poses a threat to the integrity of the securities market. 50. The next question to be addressed is which of the Noticees are liable for immediate or interim order. As elaborated in previous paragraphs of this Order Nasir prima facie is the face of the alleged fraudulent and unregistered investment advisory activity. His sole proprietorship- 'Baap of Chart' and the brand recall associated with the same name is central to the allegations made out in this Order. Therefore, it is necessary, in the interest of investors and the integrity of the securities market, for interim directions to be passed against Nasir, not just in his personal capacity but also in his capacity as sole proprietor of ‘Baap of Chart'. Further, though Nasir is prima facie the face of these activities, the Noticee....
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.... Nos. 2 and 5 appear to have been direct recipients of the amount/ fees collected from such fraudulent and unregistered investment advisory activities in their bank In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 40 of 45 accounts. Noticee Nos. 1 and 2 i.e. Nasir and Rahul are also both significant shareholders and directors of Golden Syndicate which is the company whose accounts have been credited with fees collected. Considering the direct role these persons have played in the perpetuation of the unregistered and fraudulent activity, I am of the view that it is necessary to pass interim directions against Noticee Nos. 1, 2 and 5 whereas a notice to show cause against all the Noticees may be issued for their alleged role in the prima facie fraudulent and unregistered investment advisory activity. Further, as already observed, Noticees have prima facie violated securities laws by engaging in fraudulent and unregistered investment advisory activities, it is imperative to issue directions against all the Noticees to cease and desist from continuing with such violations. 51.I have noted from para 32 above that prima facie....
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...., an amount of INR 17,20,76,616.09 (Rupees Seventeen Crore Twenty Lakh Seventy Six Thousand Six Hundred Sixteen and Nine Paisa) has been accumulated during a period of just over 2 years from carrying out investment advisory activities which are both unregistered and fraudulent. In view of receipt of fees for 'educational courses' directly in their bank accounts, prima facie it is concluded that the aforesaid Noticee Nos. 1, 2 and 5 are jointly and severally liable for alleged unlawful gains as mentioned in para 32 above as an interim measure. Considering that the Noticee Nos. 1, 2 and 5 have wantonly engaged in perpetrating fraudulent activity, I cannot ignore the risk that the said Noticees may divert the alleged unlawful gains before directions for disgorgement / refund, etc., if any, are passed. Further, I note that in his videos/ social media posts on ‘courses' of BoC, Nasir repeatedly emphasizes on providing access to live trading during his courses. Therefore, non-interference at this stage would result in irreparable injury to interests of the securities market and the investors. Considering the factual matrix of the case and the prima facie conclusion of fraudulent an....
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....d unregistered investment advisory activities, I am convinced that the balance of convenience lies in passing interim directions against the Noticee Nos. 1, 2 and 5 inter alia for preventing the continuation of any further fraudulent or unregistered activities in the interest of investors, and for impounding and retaining such quantified alleged illegal gains. In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 41 of 45 ORDER 52. In view of the above, in order to protect the interests of investors and the integrity of the securities market, I, in exercise of the powers conferred upon me under sections 11(1), 11(4), 11B and 11D read with section 19 of the SEBI Act, hereby issue by way of this interim ex-parte order, the following interim directions: 52.1 Noticees shall cease and desist from acting as or holding themselves out to be investment advisors, whether using 'Baap of Chart' or otherwise. They shall cease to solicit or undertake such activity or any other unregistered or fraudulent activity in the securities market, directly or indirectly, in any manner whatsoever; 52.2 Noticee Nos. 1, 2 and 5 are restrained from buy....
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....ing, selling or dealing in 52.3 securities either directly or indirectly, in any manner whatsoever until further orders. If Noticee Nos. 1, 2 and 5 have any open position in any exchange traded derivative contracts, as on the date of this Order, they can close out / square off such open positions within 3 months from the date of this Order or at the expiry of such contracts, whichever is earlier. The said Noticee Nos. 1, 2 and 5 are permitted to settle the pay-in and pay-out obligations in respect of transactions, if any, which have taken place before the close of trading on the date of this Order; The proceeds in the bank accounts of the Noticee Nos. 1, 2 and 5, to the extent of illegal gains mentioned in para 32 above shall be impounded, jointly and severally. Further, the Noticee Nos. 1, 2 and 5 are directed to open an escrow account with a scheduled commercial bank and deposit the impounded amount mentioned therein within 15 days from the date of service of this Order. In the said escrow account, a lien shall be created in favour of SEBI. Further, the monies kept therein shall not be released without permission from SEBI; 52.4 Noticee Nos. 1, 2 and 5 are directed not to divert ....
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....any fund raised from investors, kept in bank account(s) and / or in their custody, until further orders. In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 42 of 45 52.5 Noticee Nos. 1, 2 and 5 are directed not to dispose of or alienate any assets, whether movable or immovable, or any interest or investment or charge on any of such assets held in their name, jointly or severally, including money lying in bank accounts except with the prior permission of SEBI until the impounded amount is deposited in the escrow account; 52.6 Noticee Nos. 1, 2 and 5 are directed to provide a full inventory of all assets held in their names, jointly or severally, whether movable or immovable, or any interest or investment or charge on any of such assets, including details of all bank accounts, demat accounts and mutual fund investments, immediately but not later than 15 days from the date of receipt of this Order; 52.7 52.8 52.9 The banks where Noticee Nos. 1, 2 and 5 are holding bank accounts, individually or jointly, are directed to ensure that till further directions, except for compliance of direction at para 52.3 above, no debits are m....
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....ade in the said bank accounts without the permission of SEBI. The banks are directed to ensure that all the above directions are strictly enforced. On production of proof of deposit of entire amount mentioned in para 32 above, SEBI shall communicate to the banks to defreeze the accounts of the Noticee Nos. 1, 2 and 5. Debit freeze on the bank accounts of the Noticee Nos. 1, 2 and 5 shall be removed only upon deposit of all illegal gains due from Noticee Nos. 1, 2 and 5, as mentioned in para 32 above. Further, the depositories are directed to ensure, that till further directions, no debits are made in the demat accounts of Noticee Nos. 1, 2 and 5 held individually or jointly; The registrar and transfer agents are also directed to ensure that till further directions, the securities / mutual funds units held in the name of Noticee Nos. 1, 2 and 5 jointly or severally, are not transferred / redeemed; Noticees are directed to immediately withdraw public access to all advertisements, representations, literatures, brochures, materials, publications, documents, communication, etc., in relation to their investment advisory activities/ workshops or any other unregistered activity in the secu....
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....rities market until further orders. The aforesaid information/ data shall In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 43 of 45 continue to be retained by Noticee for the purpose of quasi-judicial proceedings; 53. This order shall come into force with immediate effect and shall be in force until further orders. 54. The prima facie observations contained in this Order are made on the basis of the material available on record. In light of the alleged violations of the provisions of SEBI Act, PFUTP Regulations and IA Regulations by the Noticees as stated in this Order, this Order shall be treated as a show cause notice under Sections 11(1), 11(4), 11B, 11D, 11B(2) and 11(4A) read with Sections 15EB and 15HA of the SEBI Act calling upon all the Noticees to show cause as to why, in addition to direction for imposition of monetary penalty, suitable directions including the following, should not be passed against them: 54.1 Directions to Noticees to jointly and severally disgorge the money collected from clients/ investors through unregistered IA activities. 54.2 Directing them to refrain from accessing the securities mark....
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....et and prohibiting them from buying, selling or otherwise dealing in securities for an appropriate period. 54.3 Direction to restrain them from associating themselves with the securities market, either directly or indirectly, in any manner for an appropriate period. 55. The Noticees may, within a period of 21 days from the date of receipt of this Order, file their reply / objections, if any, to this Order and may also indicate whether they desire to avail an opportunity of personal hearing on a date and time to be fixed in that regard. 56. This order is without prejudice to the right of SEBI to take any other action that may initiated against the aforementioned entity in accordance with law. In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 44 of 45 57. A copy of this Order shall be served upon Noticees, Stock Exchanges, Banks, Registrar and Transfer Agents and Depositories for necessary action and compliance with the above directions. Further, a copy of this Order shall be sent to Bunch Microtechnologies Private Limited to ensure compliance with paras 52.1 and 52.9 of this Order. Place: Mumbai Date: October 25, 2023 Sd/....
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....- ANANTH NARAYAN G. WHOLE TIME MEMBER SECURITIES AND EXCHANGE BOARD OF INDIA In the matter of unregistered investment advisory activities by Mohammad Nasiruddin Ansari / Baap of Chart Page 45 of 45<BR> News - Press release - PIB....