Key Points
Sebi also wants regulated entities like brokers, mutual funds and exchanges to stop dealing with unregistered finfluencers..
After a board meeting on Wednesday night, Sebi chairperson Madhabi Puri Buch said a discussion paper to regulate financial influencers will be out in the next couple of months.PTI..
Amid growing cases of frauds and misplaced advice given by finfluencers, markets regulator Securities and Exchange Board of India (Sebi) will soon come out with measures to restrict those selling the crorepati dream on social media channels...
The other element that would also be a part of the Sebi consultation paper is related to how regulated entities deal with finfluencers...
That's already a part of our law, the Sebi chief said.. Social media channels like Twitter, Instagram, YouTube and Telegram are full of self-styled financial gurus giving advice on which stocks to buy and trading strategies without a proper licence or knowledge to do so...
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Sebi wants regulated entities to stay away from unregistered finfluencers
26, Aug, 23The objective of the Sebi consultation paper is to seek public comments on proposals aimed at restricting the association of Sebi-registered intermediaries and regulated entities with unregistered ‘finfluencers’.