Sebi tells investment advisors to share social media details twice a year

The Securities and Exchange Board of India (Sebi), the country’s capital market regulator, has taken a significant step to improve transparency and protect investors from misleading financial advice circulating on social media. In a new directive, Sebi is mandating investment advisors to disclose details of their social media presence twice a year. This move comes amidst growing concerns about unregistered influencers and even registered advisors misusing social media platforms to provide unauthorized or misleading investment tips.