SEBI Cracks Down on Unregistered Advisors, Removes Over 70,000 Misleading Handles

The Securities and Exchange Board of India (SEBI) has intensified its crackdown on unregistered financial advisors, taking down more than 70,000 misleading social media handles in the past six months. This effort aims to protect investors from fraudulent activities, especially as domestic mutual fund inflows into equities reach near-record levels. SEBI has also clarified that regulated entities must sever ties with unregistered advisors and 'finfluencers' to prevent misleading investment claims. The regulator emphasizes the importance of using only SEBI-registered entities for investment advice to ensure investor safety.

 

Source Name: Moneycontrol, YourStory, Mondaq