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Sebi working on guidelines to govern financial influencers on social media

Online influencers are doling out financial and investment advice even though they may not be qualified to do so and their impact has been detrimental at times, especially in some recent startup listings.

November 29, 2022 / 12:28 PM IST

The market regulator is putting together rules to govern the growing base of financial influencers who put out advice on social media, a top official said.

“We are working on the guidelines,” SK Mohanty, whole time member of the Securities and Exchange Board of India, said on the side-lines of an event on corporate governance in Mumbai.

There has been a spurt of online influencers in India doling out financial and investment advice even though they may not be qualified to do so. The impact of such influencers has been detrimental at times, especially in the case of recent startup listings.

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