Sebi Bars Regulated Entities From Dealing With Finfluencers: Check Other Decisions At Sebi Board Meeting

The Securities and Exchange Board of India (Sebi) on June 27, 2024 laid down guidelines for its regulated entities, at its board meeting, effectively prohibiting brokers from dealing with finfluencers.Under the Sebi norms, regulated entities and their agents are restricted from having any association directly or indirectly with any other person who provides advice or recommendation or makes any implicit or explicit claim of return or performance of any securities.“The regulated entities shall not have any association, such as transactions involving money, client referral, or interaction of information technology systems or any other association” with entities making claims of above-mentioned nature, Sebi said.

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