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Sebi bans finfluencers from using live stock prices, tightens crackdown on illegal advisories

The Securities and Exchange Board of India (SEBI) has introduced new regulations to curb the influence of financial influencers, or "finfluencers," by prohibiting them from using real-time stock prices in their content. This move is part of SEBI's broader effort to regulate and control the spread of potentially misleading financial advice on social media platforms. The ban aims to prevent these influencers from providing investment advice without proper registration, as they often lack the necessary qualifications and oversight. SEBI's actions are intended to protect retail investors from the risks associated with unregulated financial advice, ensuring that only registered investment advisors and analysts can offer such services. This crackdown also includes measures to prevent finfluencers from receiving referral fees or any form of compensation for promoting financial products, thereby reducing conflicts of interest and enhancing investor protection.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/money/other/sebi-bans-finfluencers-from-using-live-stock-prices-tightens-crackdown-on-illegal-advisories/ar-AA1yahv5 ]