New Delhi:
The Securities and Exchange Board of India (SEBI) has taken strict steps on the wrong and misleading investment advice spreading on social media, removing more than 70,000 posts and accounts since October 2024. This step of SEBI has been taken to control the content that misleads investors. Bazar regulator SEBI said that it is working closely with social media companies to stop the activities of fake investment tips and misleading financial influencers.
SEBI’s full -time member Anant Narayan gave information about this initiative at the Association of Registered Investment Advisors (ARIA) Summit.
Investors will get correct information from UPI ‘Payright’ handle
Anant Narayan said that SEBI is planning to implement UPI ‘Payright’ handle, so that investors will be able to identify registered investment advisors and institutions. This will help to avoid fake and unarmed investment advisors. He said that due to increasing interest in investment, the number of unarjigrated investment advisors on social media is also increasing rapidly, who are misleading people.
SEBI is planning to conduct a nationwide survey to better understand the behavior of investors and strengthen its awareness strategies. This will improve ways to give the right information to investors.
SEBI’s eye on foreign investment in India
Speaking on foreign investment (FPI), Anant Narayan said that the interest of foreign portfolio investors has increased due to India’s involvement in global date Indices. This has improved the country’s debut market and investment mix. However, India needs to maintain strong economic development, financial stability and better governance, so that this investment remains permanently.
SEBI board meeting will be held on March 24
Meanwhile, on March 24, the first meeting of SEBI board is to be held under the chairmanship of the new chairman Tuhin Kanta Pandey. In this meeting, important decisions like increasing a settlement scheme for algorithm brokers and increasing fees collection for research analysts can be taken.
