Baap Of Chart Banned From Market, Ordered By SEBI To Refund $2.1 Million

October 26, 2023 admin

Baap Of Chart Banned From Market, Ordered By SEBI To Refund .1 Million

Market regulator SEBI barred a popular influencer on social media from securities trading and ordered him to refund Rs 17.2 crore rupees collected from followers after its investigation found he gave stock recommendations in the garb of providing educational training. The action by the Securities and Exchange Board of India follows a growing clamor on…

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Why is SEBI tightening norms for ‘FinFluencers’? | Explained

September 4, 2023 admin

The story so far: On August 25, markets regulator Securities and Exchange Board of India (SEBI) floated a consultation paper proposing regulations to restrict the association of SEBI-registered intermediaries or regulated entities with unregistered ‘finfluencers.’ Other than undertaking enforcement action against the unregistered ‘finfluencers,’ the paper proposed measures to “disrupt the revenue model for such…

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