News & Media 30th Oct 2023

SEBI turns up heat on unregistered influencers giving tips on social media

Authors

Manendra Singh Partner | Mumbai

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India’s legion of financial influencers are once again under the spotlight as the country’s market regulator ramps up action against unregistered advisors dishing out investment tips on social media.

The Securities and Exchange Board of India last week barred an influencer and two other entities linked to him from the market and ordered them to refund Rs 17.2 crore ($2.1 million) taken from followers.

In this context, our Partner, Manendra Singh has been quoted in an article “SEBI turns up heat on unregistered influencers giving tips on social media” published in Business Standard.

For further information, read the article here