Sebi board tightens rules on use of financial influencers

The Securities and Exchange Board of India (SEBI) on Thursday approved new regulations for unregistered financial influencers, known as finfluencers, due to concerns over potential risks from biased or misleading advice often given on a commission-based model. To address these risks, SEBI's board approved a proposal to regulate finfluencers. Furthermore, Sebi has introduced new criteria to determine which stocks can be linked to derivative products, such as futures and options.