Brief by Shorts91 Newsdesk / 07:15am on 06 Mar 2025,Thursday Business
India’s Securities and Exchange Board (Sebi) has banned YouTuber Asmita Patel and six others for selling illegal stock tips disguised as education. Patel, who called herself the “She-Wolf of the stock market,” allegedly earned over $11.4M from trading courses while making just $13,700 in trading profits. The crackdown follows complaints from 42 investors. Critics argue Sebi’s delayed action and new strict regulations could stifle genuine financial education. “It should have acted earlier,” said journalist Sucheta Dalal. Sebi now seeks greater powers to monitor online financial content.
