End Of The Party For Finfluencers? Analysing SEBI’s Regulatory Crackdown On Finfluencers

Saksham Singh, BBA LLB, Galgotias University

Muqtadi Raza, BBA LLB, Galgotias University

ABSTRACT

SEBI issued a Consultation Paper in relation to Finfluencers and asked from public to make their comments in the prescribed time. The proposed regulation will restrict the Finfluencers from giving financial advice without having the required knowledge or qualification and imposes a condition of mandatory registration on them for providing unsolicited financial advice. The paper also restricts the association of SEBI registered intermediary/regulated entities with unregistered entities. This article examines the impact of a consultation paper on the association of intermediaries registered with SEBI and entities regulated by SEBI with unregistered entities including Finfluencers and delves into the implications of SEBI’s regulatory measures and their potential impact on the Finfluencers landscape.