SEBI, the Securities and Exchange Board of India, is considering implementing regulations for finfluencers, who are social media influencers specializing in providing financial and investment advice. The discussions, anticipated during SEBI’s upcoming board meeting on June 27, are focused on establishing comprehensive guidelines and obtaining necessary approvals regarding the activities of finfluencers. This potential regulatory framework aims to ensure that advice given by finfluencers is accurate, transparent, and compliant with investor protection norms. By scrutinizing the role of finfluencers in disseminating financial information and recommendations, SEBI seeks to enhance investor awareness and safeguard against misinformation or misleading content. The outcome of these deliberations could significantly impact how finfluencers operate in India’s digital landscape, potentially introducing new compliance requirements and standards for their activities in the financial domain.
Finance: SEBI to Establish A Regulatory for Finfluencers, Watch This Video To Find Out Why
