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Regulating Financial Influencers

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SEBI and the stock exchanges, such as the NSE India have recently introduced a series of proposals and changes aimed at addressing the issue of unregulated financial influencers. This includes the publication of a SEBI consultation paper regarding the association of SEBI registered intermediaries with these financial influencers.

In regulation making, what can not be done directly, can be done indirectly till it is done directly.

In this context, Mr. Sumit Agrawal, Managing Partner of Regstreet Law Advisors and former SEBI Officer, shares his perspective in the October issue of Business Today. Drawing on his prior experience as a SEBI Officer, he emphasizes, “Financial influencers play a significant role in shaping the financial decisions of retail investors. While SEBI is implementing necessary regulations, it’s essential not to overlook the contribution of these influencers in enhancing financial literacy among the public. A balance must be struck in recognizing the various roles they play.”

The full Business Today article is provided below and can also be accessed via the following link – https://lnkd.in/gusR8dWK

Readers are encouraged to share their opinions with Regstreet Law Advisors at info@regstreetlaw.com.

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