breaking news In a first, Sebi takes action against Finfluencer Pr Sundar, the options trader is banned from trading for a year
In a first case of action against an finfluencer (financial influencer), market regulator SEBI has penalized and banned popular youtuber and options trader PR Sundar from trading for a year for alleged violation of investment adviser standards.
In a first case of action against a finfluencer (financial influencer), market regulator Securities and Exchange Board of India (SEBI) on May 25 penalized and banned popular youtuber and options trader PR Sundar from trading for a year for alleged breach of investment adviser standards.
(A Financial Influencer or “FinFluencer” is a person who provides information and advice to investors on financial topics – usually about stock trading, personal investments like mutual funds and insurance, mostly on various media platforms social.)
In a case dating back to 2022, finfluencer PR Sundar, his company Mansun Consulting and company co-promoter Mangayarkarasi Sundar settled SEBI complaints alleging they were providing investment advisory services without the required registration with of the regulator.
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