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Solution not as easy: Zerodha's Nithin Kamath on Sebi's new regulations for finfluencers

Economic TimesEconomic Times · 1y
Solution not as easy: Zerodha's Nithin Kamath on Sebi's new regulations for finfluencers

Zerodha's CEO, Nithin Kamath, commented on the recent consultation paper by India's capital markets regulator, Securities and Exchange Board of India (SEBI), stating that regulations targeting a few individuals misrepresenting financial products can potentially harm the entire referral industry's livelihood. Kamath mentioned that while SEBI's paper is a step in the right direction, addressing the issue is complex given the structure of capital markets. He highlighted the importance of plugging payouts of unregistered advisors or analysts, as suggested by SEBI. Kamath also discussed Zerodha's approach to validating customer claims and the Verified P&L feature introduced to curb misinformation.

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