News & Media 29th Jun 2024

SEBI crackdown: What new rules on regulated entities dealing with finfluencers mean

KC Jacob Counsel

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The Securities and Exchange Board of India (SEBI) has taken a bold step by banning regulated entities from associating with unregistered influencers. This crackdown targets anyone who provides financial advice or makes claims about securities without SEBI’s registration.

SEBI’s move addresses the troubling alliance between market intermediaries and shady influencers. ‘Finfluencers’ have been linked to discount brokers, driving up trading activity and often misleading investors with false profit claims on platforms like YouTube and Telegram.

To encapsulate this, Business Today’s Amit Mudgill writes, “SEBI crackdown: What new rules on regulated entities dealing with finfluencers mean” with insights from K.C Jacob.

Tune into the story here