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Economy
Mahesh

19/11/22 13:01 PM IST

Sebi may roll out guidelines for financial influencers

In News 
  • Market regulator Sebi is working on guidelines to regulate financial influencers on Twitter and Telegram and other social media platforms.
Finfluencers 
  • Finfluencers’ ( or financial influencers) are those who give advice to stock investors on various social media platforms like Twitter, Youtube, Instagram and Facebook.
  • Sharp rise in the number of various ‘unregistered’ investment advisors giving unsolicited social media ‘stock’ tips on various social media platforms
  • Reports that certain companies used social media platforms to boost their share prices through such finfluencers
  • The rate of corporate fraud is increasing at a high pace
Source- Business Standard 

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