The popular ‘finfluencer’ allegedly misled investors in the guise of ‘educating’ them about investing in the markets. He has been told to cough up Rs 17 cr. What’s the lesson in SEBI’s interim order for ordinary investors?
This case underscores the importance of regulating social media influencers who provide financial advice. It highlights the need for clear rules and guidelines in the digital age, where individuals can easily reach a vast audience with potentially misleading or fraudulent information.