SEBI cracks down on unregulated ‘finfluencers’
Regulator says SEBI-registered entities can’t associate themselves with unregulated ‘finfluencers’; proposes unique fee for genuine investment advisers
Regulator says SEBI-registered entities can’t associate themselves with unregulated ‘finfluencers’; proposes unique fee for genuine investment advisers
There is a burgeoning tribe of self-proclaimed financial experts plaguing the internet who are preying upon the Indian investors' dire need for guidance to navigate the securities market.
Stock market boom cycles are magnets for newcomers looking to make a quick buck in the shortest possible time.
"We are working with the ministry of information technology and RBI and clamping down on them like never before," says FM