FINFLUENCERS RISKS
From finfluencer crackdown to F&O stock entry, exit tweaks, top 10 decisions from Sebi board meeting
The Securities and Exchange Board of India (Sebi) has approved finfluencer norms, prohibiting regulated entities like brokers from dealing with them. Under the norms, the Sebi regulated entities and their agents are barred from having any association directly or indirectly with any other person who provides advice or recommendation in respect to securities
Sebi framework for finfluencers; Nazara's Freaks4U deal
The Security and Exchange Board of India (Sebi) has approved a regulatory framework for financial influencers. This and more today’s ETtech Top 5.
Unlisted shares offer terrific returns, but also carry very high risks; should you invest?
In the past decade, many Indians have embraced the equity culture and started investing in stocks and equity mutual funds. Some analysts feel that retail investors should put money in unlisted shares if they want outsized returns. Other financial advisers say retail investors should not dabble in unlisted shares for the simple reason that the risk they entail is not worth the rewards they offer.
Sebi cracks the whip on finfluencers trying to manipulate IPOs
The move is meant to restrict the impact of finfluencers in the IPO market and help investors have an easier understanding of key features of an offer. All IPO-bound companies are mandated to make videos informing investors not to rely on finfluencers or financial influencers circulating misinformation on social media platforms.
New-age brokers ride on futures option to the bank
But the question remains with Sebi becoming careful about the sudden spurt in retail participation in this risky trading segment: how long will the party last?
Whatsapp investing scams: Red flags to watch out for
Fraudsters are using identities of established brands and reputed professionals to offer investors bogus stock tips and trading courses.
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Hold 'Paytms' in your portfolio? The simple answer to minimising risk to your stock and overall portfolio
Investors should build a balanced portfolio across sectors and companies, rather than betting too heavily on a single stock. Diversification isn’t just about spreading investments across sectors or asset classes. It’s also about understanding the inherent risks and potential of each investment in your portfolio.
Finfluencer mess: Assessing the need for SEBI intervention
The advent of finfluencers, gaining momentum in the wake of the 2020 global pandemic, has reshaped how individuals engage with financial markets.
ETMarkets Smart Talk: “Kuch correction acche hote hain”: Prashanth Tapse
"I believe that spotting a gem in a falling market is a myth, being a fundamental research analyst, I believe risk-and-return are part of investing and identifying gems or a multibagger in the stock market which requires research, a disciplinary approach, high patience, and a willingness to take calculated risks and holding it for long-term."
Have you invested a lot of money into stocks? 4 tips to manage stock market volatility
Spurred by the stock market rally in the past two years, many investors have poured money into equities without adequately considering the risks involved. Many of them are new investors who have not been through a bear phase and do not have the temperament to withstand losses. They are investing after being bitten by the FOMO bug or swayed by finfluencers on social media. If you have taken too much risks, here is why you need to remain cautious.
Sebi shows finfluencer ‘Baap of Chart’ who's the big daddy of Dalal Street
Sebi observed that the finfluencer was promoting himself as a stock market expert on various social media platforms and luring investors to enrol for various ‘educational courses’ offered by him and induced them to invest in securities market by convincing them about the prospect of making profits with near certainty if the recommendation is followed.
Zerodha's FY23 revenue jumps 38% to Rs 6,500 crore
NSE data shows that as of August, Zerodha had around 6.3 million active clients. The company said that around 20% of the country’s overall trading customers work with Zerodha, and that it is adding close to 250,000 customers every month.
How tech stacks can help shape fair and impartial finfluencer landscape
Despite all the insightful bytes they may share with their loyal followers, finfluencers are not without their drawbacks and limitations. One of the major challenges is the lack of regulation and accountability in the finfluencer space. Unlike registered investment advisers or financial planners, finfluencers do not need any formal qualifications or certifications to offer financial advice.
ETtech Explainer: Decoding the buzz around Sebi’s finfluencer guidelines
While many finfluencers provide valuable insights, there has been a growing concern over the potential risks associated with those who might offer biased or misleading advice on “how to get rich quick” or “how to be a crorepati by 30” or even “how to retire at 40”.
Big blow for Gameskraft in Rs 21,000 crore GST evasion case; RBI wants fintechs to self-regulate
In a setback for online gaming firm Gameskraft, the Supreme Court has overturned the Karnataka High Court's order that quashed a GST notice against it for alleged evasion of Rs 21,000 crore.
Sebi faces an uphill battle against ‘finfluencers’
If the Securities and Exchange Board of India had hoped that its action would produce a chilling effect across the country’s fast-growing horde of unregulated financial influencers, that didn’t happen.
Sebi to curb finfluencers to help investors get accurate, unbiased info
While many finfluencers provide valuable insights, there has been a growing concern over the potential risks associated with unregulated finfluencers who might offer biased or misleading advice. They usually work on a commission-based model.
Sebi to curb finfluencers to help investors get accurate, unbiased information
Moves proposed by Sebi last month not only ensure that investors receive accurate and unbiased information but also help in preserving authenticity and reducing fraud, Anand Rathi Wealth Deputy CEO Feroz Azeez told PTI.
Byju’s restructures biz amid exits; Banks advocate unified registry for digital fraud
Byju’s on Tuesday said it has consolidated four verticals into two, K-10 and exam preparation, as part of moves to restructure its mainstay business.
ASCI looks to nip bad ads in the bud, launches academy for influencer certification
The ASCI academy will provide courses for a range of people from students to influencers, in line with advertising regulations and ethical practices.
Explainer: What SEBI’s proposed rules for finfluencers mean for retail investors
The capital market regulator has been talking about finfluencers and the potential risks they pose by intervening in the investment decisions of investors at various forums.
Optimism in Indian equity markets at a heightened level: D.P. Singh, SBI Mutual Fund
"Only time can tell if this rally will sustain. The way that the monsoon progresses, inflation behaves and global growth shapes up, and the manner in which it affects Indian businesses are a few important factors. Then there are the unknowns that can change the trajectory of the markets in either direction," says D.P. Singh.
UK watchdog proposes social media consumer duty to prevent financial mis-selling
The Financial Conduct Authority has said its new duty will be a step change in protecting retail investors after years of mis-selling scandals, by forcing firms to demonstrate how they are giving consumer good outcomes.
Sebi finalising draft discussion paper over guidelines for 'finfluencers'
The Securities and Exchange Board of India (Sebi) is preparing a discussion paper to regulate unregistered financial influencers, or finfluencers, who offer investment advice to the public. Sebi's chairperson, Madhabi Puri Buch, stated that the paper should be ready for public comments within the next few months. The move follows the income tax department's issuance of notices to top social media influencers for unpaid taxes and recent searches on the top YouTubers in Kerala for similar offenses. Sebi aims to regulate finfluencers who offer unsolicited investment advice without proper registration.
ETMarkets Fund Manager Talk : Despite a cautious outlook for IT sector, this smallcase manager is betting on mid-tier stocks
Hence, a gradual uptrend or in the form of a burst mode of up moves with each passing quarterly earnings may be observed in the markets parallel to the increase in corporate earnings, which are expected to be 11-12% kind of growth for this year.
FM Sitharaman warns against fin-fluencers: What's a finance influencer, how to approach advice with caution?
Financial influencing is a term used to describe the practice of individuals who have built up a following on social media platforms by sharing their knowledge and expertise on personal finance, investing, and other financial topics. These individuals are typically experts in their field, with years of experience and a deep understanding of the financial markets.
Sebi issues code for ads to rein in 'finfluencers'
The code for advertisements from advisers covers traditional communication channels as well as all electronic, wired, or wireless communication such as e-mail, messaging platforms, social media platforms, radio, telephone, or any other form over the internet.
Year-End Special: ‘In a five-year or higher period, NIFTY hasn't ever lost money’
In December, the Sensex achieved all-time highs. Despite the dire status of the global economy, the Sensex and Nifty 50 Index are up by more than 7 % in 2022. It demonstrates the resilience of the country's retail investors. In fact, SIP contributions to mutual funds grew to more than Rs 13,000 crore.
Year-End Special: 'Do not trust finfluencers and quacks blindly'
"2022 has been a year of uncertainty and volatility for the markets the world over, however, India has remained a bright spot," says KishorKumar Balpalli, Founder, MyMoneySage.in.
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