SEBI updates rules to regulate unregistered "finfluencers" amid concerns about unregulated activities.
SEBI, India's market regulator, has updated its rules to regulate unregistered financial influencers, or "finfluencers", due to concern over risks associated with their unregulated activities. New norms restrict associations between SEBI-regulated entities and unregistered individuals, requiring finfluencers to register with SEBI and adhere to specific guidelines. This move aims to establish accountability and expertise standards in the sector, ensuring that mutual fund houses, research analysts, registered investment advisors, and stockbrokers do not partner with finfluencers.
August 30, 2024
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