![SEBI paper hits at 'Finfluencer' menace](https://images.assettype.com/fortuneindia%2F2023-09%2F47aa70d1-4e7f-4d3a-871a-75dfc16b6c97%2Fgettyimages_816131778_594x594.jpg?w=300&q=95)
SEBI paper hits at 'Finfluencer' menace
FORTUNE INDIA IMPACT: SEBI seeks to ban its registered intermediaries from using any unregistered 'Finfluencer' for promoting their products or services
FORTUNE INDIA IMPACT: SEBI seeks to ban its registered intermediaries from using any unregistered 'Finfluencer' for promoting their products or services
High-risk FPIs having more than the 50% concentration threshold in a single corporate group will be provided a window of 6 months to bring down such exposure, says SEBI paper.
The market regulator says the move will help investors protect money against any misuse and default by stock brokers.