Sebi board tightens rules on use of financial influencers

Quick Summary:

The Securities and Exchange Board of India (SEBI) on Thursday approved new regulations for unregistered financial influencers, known as finfluencers, due to concerns over potential risks from biased or misleading advice often given on a commission-based model.

To address these risks, SEBI's board approved a proposal to regulate finfluencers.

Furthermore, Sebi has introduced new criteria to determine which stocks can be linked to derivative products, such as futures and options.

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Article Details

Author / Journalist: TOI Business Desk

Category: EconomyBusiness

Markets: IndiaAfghanistanBelgiumMongoliaSingaporeSouth AfricaUkraine

Topics: Indian stock market Use of financial influencers Brokers Sebi Finfluencers Financial influencers

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 22:50:11 (2 days ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 939 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 21403495

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