The recovery amount includes penalties, interest and enforcement costs imposed on these entities for violating the Sebi (Investment Advisers) Regulations.
The UAE promises freedom and flexibility — but only if you’re already playing the game.
Among respondents who follow financial influencers, 82% reported making investments based on their recommendations, according to the CFA report.
In response to a query sent by Moneycontrol, SEBI said that the issue is still under discussion and that the paper will be jointly issued by the stock exchanges once the deliberations are complete.
SEBI’s January 29 circular to crack down on dubious finfluencers shields investors. The provisions prevent finfluencers from exploiting any potential loophole by imposing stiff compliance requirements on legitimate registered entities.
One of the big draws for these entities was their live-market trades. This largely involved the teacher trading on his/her terminal or even a big screen (at live events) and students copying the trades.
In late hours of January 29, the Securities and Exchange Board of India (SEBI) issued a circular clarifying provisions related to regulated entities with persons engaged in prohibited activities.
The regulator has floated a consultation paper on how registered entities can associate with unregistered entities
In the press release issued on December 4, the market regulator said that the provision of associating with a third party through an SDP was given to REs only to assure the REs that they will not be held accountable if there is any violation of the concerned provisions.
Sebi's consultation paper issued on October 22 details the framework that will govern the "specified digital platform", through
A circular issued by the Securities and Exchange Board of India (Sebi) on October 22, Friday, has asked all regulated entities and their agents to terminate their existing contracts with such persons within three months.
The amended regulations also restrict the association with entities who make any claims about returns or performance unless the entities are permitted to do so by the regulator.
NSE, through its recent directive, prevented sharing brokerage revenue for demat referrals to prevent trade inducement.
The market regulator has floated a consultation paper relaxing the norms governing RAs and IAs, in an attempt to get more entities to register. But there may be unintended consequences.
Sebi's whole-time member Kamlesh Chandra Varshney said there are 11.5 crore unique investors but only 1,345 Research Analysts (RA) and 984 Investment Advisors (IA), adding that to keep investors' faith, we need more advisors guiding them properly.
Market insiders told Moneycontrol that the regulator's new guidelines are causing brokerages to shy away from unregistered content creators who may have discussed stocks to drive engagement.
The regulator has given the broad contours of the digital platform, which will soon be notified.
SEBI Chairperson Madhabi Puri Buch held a board meeting during which she announced new norms for influencers, voluntary delisting norms and F&O (Futures and Options) trading. Watch.
The market regulator had come out with a consultation paper in August on this issue and asked for public comments.
SEBI Board Meet: SEBI is likely to tighten rules for stocks to be eligible for derivatives trading. In the board meeting it will ask brokers and mutual funds to stop enlisting unregistered financial influencers for their marketing campaigns. The board will also consider changes to delisting rules to make it easier for companies to exit from stock exchanges.
The provisions of the circular, which details how the AV content should be made, will become applicable on or after July 1, 2024, on a voluntary basis and October 1, 2024, onwards on a mandatory basis.
Sebi has suggested that a disclaimer be included that investors are not to rely on any other audiovisual content, like those made by the finfluencers.
Going forward, global and domestic inflation, slowing global growth, geopolitical tensions and political uncertainty till election results can keep markets volatile. Sudden market falls can be unsettling but investors must not get scared and stay focused.
From Adani to Finfluencers, portfolio bond to the Japanese Yen, what made the headlines this year
It has social media handles and a paid group through which it offer advisory services without Sebi registration