SEBI warns Mr. Saravana R an unregistered investment advisor at Cosmofeed platform
The Securities and Exchange Board of India (SEBI) issued a warning to Saravana R, Bengaluru associated with Cosmofeed, due to his involvement in providing unauthorized investment advice through social media platforms
Cosmofeed is an all-in-one platform designed for content creators, solopreneurs, and digital entrepreneurs to monetize their content and engage with their communities. Founded in 2021 by Vivek Yadav and Vishnu Pathak in Bengaluru, India, it offers a suite of tools to help creators build, manage, and monetize their online presence. Its flagship product, SuperProfile, enables users to create a centralized hub for their social media links, communities, and events, streamlining audience interaction and content distribution.
As per the warning letter issued to Mr. Saravana R, SEBI has found him involved in providing unregistered investment advisory and research analyst related services in securities market through “cosmofeed” platform without obtaining registration from SEBI under the capacity of Investment Advisor/Research Analyst. It has been stated that the unregistered activity of Mr. Saravana R amounts to violation of various provisions of SEBI Act, 1992, SEBI Regulations and Circulars made thereunder.
Earlier, the SEBI’s issued a cautionary notice highlighting a surge in fraudulent activities on platforms like YouTube, WhatsApp, and Telegram, where such unregistered individuals were offering stock tips and trading calls without proper registration. These actions misled investors with promises of guaranteed or risk-free returns, often falsely claiming SEBI affiliation.
The SEBI has directed Saravana to cease offering such advice and not to indulge any kind of unregistered security market activity failing which action shall be initiated against him.
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