In A Big Move, SEBI Bars Registered Entities From Dealing With Unregistered Finfluencers

#businessnews #SEBIRules #Finfluencers #financialregulations #investorprotection
The Securities and Exchange Board of India (SEBI) has set ground rules for unregistered financial influencers, or 'finfluencers,' prohibiting regulated entities from dealing with them. This move marks a significant step in protecting investors from misleading financial advice and ensuring that all financial influencers operate within a regulated framework. "Entities regulated by SEBI and their agents are prohibited from associating, directly or indirectly, with any individual or entity that offers financial advice or makes performance claims without SEBI’s permission. This includes any form of monetary transactions, client referrals, or IT system interactions”, says the new SEBI rules. The responsibility lies with the registered entities to ensure their associates do not engage in such prohibited activities. Finfluencers, who provide advice on topics like investing, personal finance, and real estate through digital platforms, have gained significant influence over their followers’ financial decisions.
#NSE #BSE #Nifty #Sebi #MarketsRegulator #StockExchanges #StockToWatch #StockToBuy #StockMarket #ShareMarket
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[@MANISHKUMAR-dn1uo]

Bada bussiness by Vivek bindra is one of them who is making fool to public.

[@RajinderSharma-xo3vv]

Can you please explain

[@sharad7340]

​@@RajinderSharma-xo3vv its biggest fraud

[@gauravraj7002]

correct step take. lot of people are making unlawful gains in deceitful manner.

[@vikramsingh1795]

A welcome initiative by SEBI

[@user-wz8xq6xy2i]

If those companies want - tell them to hire them and ensure to get certified and register with sebi through the company.

[@ssett007]

Great decision...

[@narayanvengurlekar3069]

Fractional shares would be good for small traders

[@mandarp9472]

In United States one can buy fractional shares.

[@girishsahni]

#sebi must declare MF's as finfluencers.

[@JGG99]

Ban youtubers also. Every fool is making nonsense. Beginners are losing a lot by them.

[@manojm5747]

Fractional shares create confusions. Better not to introduce in India.