In its efforts to crack down on unsolicited stock recommendations and advisors, the. Securities and Exchange Board of India (Sebi) has issued warning letters to around 20 unauthorised investment advisors since May.
The market regulator's actions come at a time when it is trying to draw sharp lines between registered advisors and those giving stock recommendations without any authorisation. Sebi is doing so by restricting associations with unregistered advisors and opening a new fee-collection mechanism for advisors through exchanges. The entities against whom warnings have been issued were operating through Instagram handles, other social media platforms, YouTube, websites, and other means. Viewing these activities as "very serious" violations, the regulator has called for strict action if they are found to be indulging in such recommendations without registering.
Bu hikaye Business Standard dergisinin July 13, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin July 13, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
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