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in invest, Mutual Fund, News

Arshad Warsi clarifies after SEBI banned him, says his knowledge about stocks is nil

The actor Arshad Warsi and his wife Maria Goretti are in a precarious situation. According to reports, the Securities and Exchange Board of India (SEBI) has banned several entities from the securities market, including Arshad, Maria, YouTuber Manish Mishra, and promoters of Sadhna Broadcast – Shreya Gupta, Gaurav Gupta, Saurav Gupta, Pooja Aggarwal, and Varun Media – in a case involving the uploading of misleading videos on YouTube channels urging investors to purchase the company’s

by Rakesh kumar March 3, 2023, 12:07 PM 42 Views

According to the interim order, Arshad Warsi earned Rs 29.43 lakh, whereas Maria Goretti earned Rs 37.56 lakh.

However, Arshad took to Twitter to implore that nobody believe rumours. He also stated that he and his wife lack stock market knowledge.

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“Please do not believe every piece of news you read. Maria and I, who have nil knowledge of stocks, took advice and invested in Sharda, only to lose all of our hard-earned money like so many others “He sent a tweet.

The investigation was initiated after SEBI received allegations that certain entities were manipulating prices and selling shares of Sadhna Broadcast Ltd and Sharpline Broadcast Ltd.