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SEBI clears fininfluencers framework; flags concerns on F&O bets on borrowed money

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SEBI clears fininfluencers framework; flags concerns on F&O bets on borrowed money

The Securities and Exchange Board of India (SEBI) has announced its decision to regulate financial influencers, also known as finfluencers, due to concerns over potential risk associated with their activities. SEBI Chief, Madhabi Puri Buch, expressed concerns about retail investors making speculative bets in the futures and options segment, and announced the formation of an expert working group to address this issue. The board approved norms to restrict associations between SEBI-regulated entities and unregistered individuals to counter the inappropriate claims made by certain finfluencers. SEBI also announced plans for a closed ecosystem for fee collection by registered investment advisers and research analysts.

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