SEBI Action Against Finfluencers: Market regulator Securities and Exchange Board of India (SEBI) has taken strict steps regarding wrong investment advice spreading on social media. Recently, SEBI has removed more than 1.2 lakh such posts, which were posted by unregistered ‘Finfluencers’ to spread misleading information related to stock market and investment. Let us know about this…
SEBI Chairman’s statement
SEBI Chairman Tuhin Kant Pandey said while talking to ANI that giving investment advice is a matter of serious responsibility. The Chairman said that whoever is giving investment advice without SEBI registration. They are ignoring the rules.
He said that to give any kind of investment advice, it is necessary to be a SEBI registrar. Under which you have to follow some rules. Due to which there is clear information about what to do and what not to do. So that the interests of investors are protected. Besides, SEBI is also taking the help of Artificial Intelligence to keep an eye on these matters.
SEBI keeps an eye on misleading information
Giving information, the Chairman said that, when a person makes false promises in the name of investment, lures with guaranteed returns or gives such advice which can cause loss to people. So in such situations SEBI intervenes and takes action.
In such cases the concerned content is removed. Under this, work has been done to remove more than 1.2 lakh posts. Social media platforms are also assisting SEBI in this process.
Sudarshan’s AI keeps an eye on digital content
SEBI has developed an artificial intelligence tool named ‘Sudarshan’ to monitor digital content related to the market. According to the Chairman, this tool can detect audio, video and written content uploaded in different languages.
It also helps in identifying whether rules are being violated. This system is playing an important role in monitoring the rapidly spreading information on digital platforms.
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