SEBI has imposed new restrictions for finance influencers, often known as finfluencers on social media platforms.
These regulations are intended to protect investors from misleading or fraudulent financial advice.
The new regulations took effect on October 1, 2023.
Failure to comply with the guidelines could result in fines of up to Rs. 1 crore and/or imprisonment for up to 5 years.
New SEBI guidelines are intended to govern the financial influencer business, ensuring that investors obtain accurate and unbiased financial advice.
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