PR Sundars case has revealed how serious is Sebi about finfluencers doling out investment advisory without requisite registration. But theres a world of such finfluencers where stock tips on channels such as Telegram are dished out by dozens duping retail investors into risky assets. How are finfluencers reacting to this? Will their unregulated dream run take a halt?
Cracking down on so-called finfluencers is easier said than done. The Securities and Exchange Board of India (Sebi) may well find that not all of them are likely to pay heed to its recent directions on operating within the regulatory grid. This and more in todays ETtech Morning Dispatch.
The Securities and Exchange Board of India has made its intentions crystal clear by getting on the offensive in its fight against unregistered financial influencers or finfluencers. But it must tread a fine line - Issue Date: Oct 01, 2023