Sebi bans finfluencers from using live stock prices, tightens crackdown on illegal advisories
1 month, 3 weeks ago

Sebi bans finfluencers from using live stock prices, tightens crackdown on illegal advisories

New Indian Express  

MUMBAI: The markets regulator Sebi, which has been after the so-called financial influencers or finfluencers who are tricking the gullible public into investing in stocks they get paid to recommend, for long, has delivered a major blow to them by restricting their use of live-market data/prices in their what they call educational content. The key prohibitive measures include not allowing them to use real-time stock price data and using the names of the scripts they are talking up/down directly or indirectly by using code names. Under the new rules, which the Securities and Exchange Board announced in a circular last night, finfluencers can only use stock prices with a three-month lag, effectively preventing them from offering real-time trading tips disguised as education. Such person should not be using the market price data of the preceding three months to speak/talk/display the name of any security including using any code name of the security in his/her talk/speech, video, ticker, screen share etc indicating the future price, advice or recommendation related to security/securities,” says the circular, adding these “regulations have come into force with effect from August 29, 2024.”

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History of this topic

Sebi notches up governance norms and easing procedures: What it means for investors
1 month, 2 weeks ago

Sebi notches up governance norms and easing procedures: What it means for investors

Live Mint  

The market regulator’s latest updates to the listing regulations present a wholesome platter of governance enhancements, accompanied by a fine glass of procedural easing to wash it down. Sebi’s changes in this matter aim at bolstering the independence of secretarial auditors by introducing stricter conditions including mandatory rotation of secretarial auditors, mirroring the approach already present for statutory auditors. Sebi …

SEBI Issues New Rules For Finfluencers, Tightens Norms For Stock Education
1 month, 3 weeks ago

SEBI Issues New Rules For Finfluencers, Tightens Norms For Stock Education

ABP News  

The Securities and Exchange Board of India announced some revisions to the norms for financial influencers on Wednesday. Issuing an official circular, the capital markets regulator said that finfluencers will not be allowed to use live stock market data in educational content anymore. As per the norm, any individuals trying to educate about the stock market would be permitted to …

Sebi imposes strict guidelines on finfluencers: No live share price, stock tip restrictions & more
1 month, 3 weeks ago

Sebi imposes strict guidelines on finfluencers: No live share price, stock tip restrictions & more

Live Mint  

Sebi has issued restrictions for finfluencers providing stock tips on social media platforms as investor education. "It is the responsibility of the persons regulated by Sebi to ensure that any person associated with them or their agent, directly or indirectly, does not engage in any of the abovementioned two prohibited activities, directly or indirectly," Sebi said. Prohibited activities by Sebi …

Sebi cancels registration of 4 stock brokers
1 month, 3 weeks ago

Sebi cancels registration of 4 stock brokers

Live Mint  

New Delhi, Markets regulator Sebi on Wednesday cancelled the registration of four stock brokers Single Window Securities, Sunness Capital India, GACM Technologies and Infotech Portfolio after they failed to meet the registration requirements. In its orders, Sebi said that four stock brokers were granted registrations subject to certain conditions, including the condition that they continue to be members of a …

Why you cannot complain to Sebi about unregistered investment advisors
2 months, 3 weeks ago

Why you cannot complain to Sebi about unregistered investment advisors

Live Mint  

Six months ago, Abhishek Kumar received a complaint against his company on SCORES, the online grievance redressal facilitation platform provided by the Securities and Exchange Board of India. In 2024, Sebi issued 27 notices against unregistered investment advisors, fined them, and banned many of them from operating in the stock market. However, many, like Pandey, who want to complain against …

SEBI bans YouTuber Ravinda Balu Bharti for investment scam, slaps ₹9.5 crore fine
3 months ago

SEBI bans YouTuber Ravinda Balu Bharti for investment scam, slaps ₹9.5 crore fine

Live Mint  

The Securities and Exchange Board of India has banned YouTube finfluencer Ravindra Balu Bharti and his company from dealing in or accessing the securities markets until April 4, 2025, and slapped a ₹9.49 crore fine for “unlawful gains,” according to a PTI report. Bharti and his three associates allegedly ran an unregistered investment advisory business under the name Ravindra Bharti …

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms
3 months, 2 weeks ago

SEBI Warns Against Trading Unlisted Securities on Unauthorized Platforms

Deccan Chronicle  

The Securities and Exchange Board of India has issued a cautionary advisory to investors, warning against trading in securities of unlisted public limited companies on unauthorized electronic platforms.In a statement, SEBI highlighted that certain electronic platforms and websites have been facilitating such transactions, which violates the Securities Contract Act, 1956, and the SEBI Act, 1992. These laws are intended to …

Illegal Investment Advisory: SEBI Asks Fraud Advisor To Refund Rs. 27.67 Lakh To Investors
7 months ago

Illegal Investment Advisory: SEBI Asks Fraud Advisor To Refund Rs. 27.67 Lakh To Investors

Live Law  

The Securities and Exchange Board of India has imposed a one-year ban on Siddharth Pandey of Snigdha Equity Advisory following violations of regulatory standards concerning investment advisory services. SEBI's examination of Pandey's Know-Your-Customer documents, bank statements, and communication records uncovered that he was offering investment advisory services without the required registration. Further Pandey's online presence revealed a Facebook profile under …

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations
7 months ago

Sebi imposes ₹11 lakh penalty on IIFL Securities for violating stock broker regulations

Live Mint  

Capital market regulator Sebi on Wednesday slapped a fine of ₹11 lakh on brokerage firm IIFL Securities for flouting stock broker rules and other regulatory norms. Sebi conducted an inspection of IIFL Securities Ltd covering the period from April to July 2022 to assess the firm’s adherence to regulatory requirements. In its 35-page order, Sebi noted that IIFL Securities acknowledged …

Sebi regulates finfluencers, bans registered entities from associating with them
8 months, 3 weeks ago

Sebi regulates finfluencers, bans registered entities from associating with them

Hindustan Times  

Capital markets watchdog Sebi on Thursday decided to regulate financial influencers or finfluencers amid growing concerns about potential risk associated with such persons. In order to address the concerns related to certain persons including unregulated entities inducing investors to deal in securities based on inappropriate claims, Sebi board approved norms to restrict associations between its regulated entities and unregistered individuals. …

Don’t fall for social media stock scams, warns SEBI
1 year ago

Don’t fall for social media stock scams, warns SEBI

Live Mint  

The Securities and Exchange Board of India on February 26 issued a warning alerting investors about deceptive trading platforms falsely claiming to provide stock market access to Indians through the Foreign Portfolio Investors route. The markets regulator noted that fraudsters are luring victims through online trading courses, seminars, and mentorship programs related to the stock market. Impersonating SEBI-Registered FPIs Posing …

SEBI bans 'Baap of Chart', other entities for unauthorised investment advisory services | DETAILS
1 year, 5 months ago

SEBI bans 'Baap of Chart', other entities for unauthorised investment advisory services | DETAILS

India TV News  

SEBI bans 'Baap of Chart', other entities for unauthorised investment advisory services | DETAILS Baap of Chart SEBI: In its 45-page interim order cum show cause notice, SEBI found that Rs 17.21 crore has been accumulated during a period of just over two years from carrying out investment advisory activities, which are both unregistered and fraudulent. Baap of Chart SEBI: …

Sebi’s finfluencer rules to hurt foreign brokers
1 year, 5 months ago

Sebi’s finfluencer rules to hurt foreign brokers

Live Mint  

The Securities and Exchange Board of India’s bid to tighten regulations on financial influencers, or finfluencers, could have unintended consequences on overseas banks and brokers providing services to foreign portfolio investors, two people familiar with the matter said. However, many foreign banks and brokers offer bundled services, comprising broking, custodian and research services, making it difficult to ascertain the value …

Rise of ‘finfluencers’ sparks debate over influence and accountability
1 year, 6 months ago

Rise of ‘finfluencers’ sparks debate over influence and accountability

The Hindu  

As SEBI takes steps to regulate digital financial gurus, questions arise about the thin line between insightful guidance and potential manipulation. In a decisive move aimed at addressing the growing concerns over the links between financial entities and social media influencers, the Securities and Exchange Board of India, in a consultation paper issued on August 25, proposed a list of …

Why is SEBI tightening norms for ‘FinFluencers’? | Explained
1 year, 6 months ago

Why is SEBI tightening norms for ‘FinFluencers’? | Explained

The Hindu  

The story so far: On August 25, markets regulator Securities and Exchange Board of India floated a consultation paper proposing regulations to restrict the association of SEBI-registered intermediaries or regulated entities with unregistered ‘finfluencers.’ Other than undertaking enforcement action against the unregistered ‘finfluencers,’ the paper proposed measures to “disrupt the revenue model for such finfluencers, so that the perverse incentives …

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons
1 year, 6 months ago

SEBI suggests maintaining a distance between intermediaries and ‘finfluencers’. Here are 4 key reasons

Live Mint  

The Securities and Exchange Board of India has introduced a proposal to limit interactions between its regulated entities and unregistered “finfluencers”. SEBI said in its consultation paper, “No SEBI registered intermediaries/regulated entities or their agents/representatives shall, directly or indirectly, have any association/relationship in any form, whether monetary or non-monetary, for any promotion or These proposed regulations would mandate that SEBI-regulated …

Sebi bars 3 individuals from securities market for illegal investment advisory
2 years, 6 months ago

Sebi bars 3 individuals from securities market for illegal investment advisory

Live Mint  

Markets regulator Securities and Exchange Board of India on 31 August banned three individuals from the securities markets for providing unauthorised investment advisory services. The latest proceedings took place after SEBI issued a show cause notice dated 31 July, 2021 to RNS Global Capital and its proprietors' -- Lakhan Chouhan, Rohit Soni and Shivani Thakur -- alleging that they were …

Sebi bans 4 entities for providing unauthorised investment advisory services
4 years, 7 months ago

Sebi bans 4 entities for providing unauthorised investment advisory services

India TV News  

Sebi has barred Money Increase, Venture Revenue and two individuals from the capital markets for providing unauthorised investment tips and falsely promising assured returns to investors. Sebi found that Chourasiya through its proprietorship of Money Increase and Venture Revenue was providing trading tips and stock specific recommendations to investors and the general public on payment of services. "Ashish Chourasiya through …

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts
5 years, 1 month ago

Sebi asks brokers, fund houses, others to ensure compliance with prevention of unlawful acts

India TV News  

Capital markets regulator Sebi on Tuesday asked stock brokers, mutual fund houses and other market intermediaries to ensure strict compliance with the prevention of unlawful activities law. In a statement, Sebi advised market intermediaries to ensure compliance with instructions pertaining to UAPA or The Unlawful Activities Act. In addition, the regulator has asked market entities to ensure that accounts are …

Sebi gets tough
5 years, 1 month ago

Sebi gets tough

Live Mint  

The Securities and Exchange Board of India has tightened rules that apply to investment advisory services. The market regulator has also prohibited investment advisers from hawking products to their clients. Not all retail investors fully grasp the conflict of interest inherent in advice offered by someone who makes money off the investment being advised. Too many people find themselves lumped …

SEBI mulls reaching govt to seek powers to intercept calls, electronic communications of serious economic offenders
6 years, 6 months ago

SEBI mulls reaching govt to seek powers to intercept calls, electronic communications of serious economic offenders

Firstpost  

Currently, SEBI has powers to seek call data records as part of its probes, but the committee is of the view that the regulator needs more powers to assist in its regulatory responsibilities. Mumbai: To bolster its evidence-gathering mechanism, Securities and Exchange Board of India Tuesday said it may approach the government to seek powers to intercept calls and electronic …

SEBI plans framework to check non-compliance of listing rules, exchanges to have power to freeze promoter shareholding
6 years, 11 months ago

SEBI plans framework to check non-compliance of listing rules, exchanges to have power to freeze promoter shareholding

Firstpost  

SEBI plans to put in place a mechanism to check non-compliance of listing conditions, wherein exchanges will have powers to freeze promoter shareholding New Delhi: SEBI plans to put in place a stronger mechanism to check non-compliance of listing conditions, wherein exchanges will have powers to freeze promoter shareholding and even delist the shares of such defaulting companies. Under the …

Fraud at listed firms: Stock market regulator Sebi to rein in erring auditors, valuers
7 years ago

Fraud at listed firms: Stock market regulator Sebi to rein in erring auditors, valuers

Firstpost  

The proposed move assumes significance as the role of auditors and valuers has come under scanner in a number of high-profile cases such as the Satyam and Kingfisher frauds, as also the PNB scam, WhatsApp leak and the Fortis matter in the recent past New Delhi: Regulator Sebi is considering a new set of norms for auditors and other third-party …

SEBI bans two brokers, seven individuals for alleged misuse of client funds
7 years ago

SEBI bans two brokers, seven individuals for alleged misuse of client funds

Firstpost  

Sebi on Tuesday banned two brokers Ficus Securities and Ficus Commodities along with seven individuals for alleged misuse of client funds. New Delhi: Sebi on Tuesday banned two brokers Ficus Securities and Ficus Commodities along with seven individuals for alleged misuse of client funds. Besides FSPL and FCPL, seven individuals - Vinod Kumar Bansal, Surender Singh, Neena Bansal, Prashant Kumar …

Sebi bans Grass Root Finance, 13 cos from capital markets for raising funds by violating IPO norms – Firstpost
7 years, 5 months ago

Sebi bans Grass Root Finance, 13 cos from capital markets for raising funds by violating IPO norms – Firstpost

Firstpost  

The company had issued equity shares to 9,321 people between 1995-96 and 2006-07 and raised Rs 6.80 crore through such issuance. New Delhi: Regulator Sebi has banned Grass Root Finance & Investment Company Ltd and 13 others from the capital markets for raising funds without complying with the public issue norms. A probe by Sebi found that the company had …

Tax evasion via stocks: Sebi lifts trading ban on 244 entities
7 years, 6 months ago

Tax evasion via stocks: Sebi lifts trading ban on 244 entities

Firstpost  

Sebi has lifted trading ban on 244 entities which came under the scanner for alleged misuse of stock market platform for tax evasion, saying it did not find any “adverse evidence” against them New Delhi: Regulator Sebi has lifted trading ban on 244 entities which came under the scanner for alleged misuse of stock market platform for tax evasion, saying …

Sebi relaxes restrictions on 201 entities
8 years, 6 months ago

Sebi relaxes restrictions on 201 entities

India TV News  

Sebi has eased restrictions on 201 entities against whom it had taken action in two different cases of alleged misuse of stock market platform for tax evasion and suspected money-laundering activities. The entities, which were barred from the securities market in two different cases, have now been given certain relaxations, including permission to deal in government securities and invest in …

SEBI bars three companies from mobilising public money
10 years ago

SEBI bars three companies from mobilising public money

The Hindu  

Clamping down on illegal money pooling activities, capital markets regulator Securities and Exchange Board of India has barred three companies from raising funds from the public, with immediate effect. The firms — Everlight Realcon Infrastructure Ltd, Tresty Securities Ltd and Real Vision International Ltd —— issued securities to over 50 persons each, which under the rules made it a public …

Sebi: Research entities need to register by May 2015
10 years, 3 months ago

Sebi: Research entities need to register by May 2015

Firstpost  

Entities, which provide research reports on securities, will have to compulsorily apply for registration with markets watchdog Sebi by end of May 2015 under new norms that came into effect from this month. “Transition period of six months from the date of commencement of Research Analysts Regulations has been provided to the existing persons acting as research analyst or research …

SEBI cracks down on companies raising public funds illegally
10 years, 7 months ago

SEBI cracks down on companies raising public funds illegally

The Hindu  

Regulator SEBI has begun coming down hard on entities raising public money illegally through issue of ‘redeemable preference shares’ and similar instruments, as also through sister concerns after being barred from markets. There are some sister concerns of companies that were earlier barred from raising funds as well as from launching investment schemes earlier, shows an analysis of recent orders …

Sebi introduces new admin regulations, refuses settlement of serious offences
11 years, 2 months ago

Sebi introduces new admin regulations, refuses settlement of serious offences

Firstpost  

The list of violations that cannot be settled have been expanded widely under the new norms, which also provide for the involved entity to file settlement plea within 60 days of the show-cause notice served by Sebi. Mumbai: Entities charged with serious offences like illegal money pooling, insider trading and fraudulent trades will not be able to settle these cases …

Sebi got new powers in 2013 to fight Sahara, Saradha and other scams
11 years, 2 months ago

Sebi got new powers in 2013 to fight Sahara, Saradha and other scams

Firstpost  

The regulator was also able to provide clarity and a direction to the market in areas like corporate governance and investor protection during 2013. Summing up the year gone by, Sebi Chairman U K Sinha told PTI that the regulator was also able to provide clarity and a direction to the market in areas like corporate governance and investor protection …

Sebi makes fund-raising easier; comes down hard on fraudsters
11 years, 3 months ago

Sebi makes fund-raising easier; comes down hard on fraudsters

Firstpost  

To ensure greater efficacy in exercise of its new powers, Sebi’s board cleared new norms for its search and seizure operations, settlement proceedings, refund to investors and crackdown on illicit money-pooling schemes. At the same time, Sebi has also decided to ensure faster refund of money to investors and put in place necessary checks against any misuse of its newly …

SEBI gets more powers
11 years, 8 months ago

SEBI gets more powers

The Hindu  

In a major upgrade of powers given to Securities and Exchange Board of India, the government has allowed it to pass orders like search and seizure, attachment of properties, arrest and detention of defaulters and pass disgorgement directions to recover the wrongful gains made in contravention of laws. In another retrospective change, which forms part of the Securities Laws Amendment …

SEBI may get greater powers to check money-pooling frauds
11 years, 10 months ago

SEBI may get greater powers to check money-pooling frauds

The Hindu  

Market regulator SEBI may get greater powers to check money-pooling frauds by various entities across the country, as the government is considering a major overhaul of regulations governing such schemes. The proposed critical amendments to the securities laws, would also involve the capital markets regulator getting direct powers for attachment of properties, search and seizure of assets and powers to …

Clamps down on potato investment scheme
11 years, 11 months ago

Clamps down on potato investment scheme

The Hindu  

Clamping down on a bizarre scheme, promising returns of up to 100 per cent through investments in purchase of potatoes, the Securities and Exchange Board of India, on Wednesday, asked the operator of this scheme not to raise any further money from the public. “Sumangal Industries has to be prevented from carrying on further with its activity related to the …

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