Finance experts of social media should be careful SEBI bring new rules for influencers soon. Finance experts of social media should be careful! SEBI is going to bring new rules for influencers
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Finance experts of social media should be careful SEBI bring new rules for influencers soon. Finance experts of social media should be careful! SEBI is going to bring new rules for influencers. Finance Experts of Social Media: ‘Make 1 lakh rupees in one hour from 10 thousand, one tips and confirm to be rich, these are the ways to become rich’ You get to read and see content with many such headlines on social media. Today’s social media finance experts are serving you content without any accurate information. People also get harmed by this. SEBI has geared up for the safety of common users. Markets regulator SEBI will finalize the rules and guidelines regarding unregistered influencers giving investment advice on social media in a month or two. Securities and Exchange Board of India (SEBI) Chairperson Madhavi Puri Buch gave this information to reporters after the meeting of the Board of Directors on Wednesday night.
SEBI chief expressed concern
He said a discussion paper on regulation of financial influencers is being prepared and will be released for public comments in the next two months. In the past few years, social media platforms have become flooded with experts offering advice on financial matters. Most of these are not even registered with SEBI as financial advisors. SEBI has been cautioning people in the past about people giving financial advice on social media platforms like YouTube, Instagram, Telegram, WhatsApp and Twitter. Along with this, he had also mentioned to take action against these unregistered consultants. The SEBI chief said that we have no problem with the fact that someone wants to make investors aware of the market and investment. But if they give investment advice without any reason and are not even registered with SEBI, then we have a serious problem with it. Finance experts of social media should be careful SEBI bring new rules for influencers soon. Finance experts of social media should be careful! SEBI is going to bring new rules for influencers.
Influencers are not paying taxes to the government
His statement has come at a time when the Income Tax Department has sent notices to the country’s top 35 social media influencers for non-payment of tax worth crores of rupees. Last week, a search operation was also conducted at the locations of 13 big YouTubers in Kerala. There is a buzz that some influencers get a hefty amount as commission based on the viewership on social media platforms and they also earn from that by trading in the stocks they recommend. Finance experts of social media should be careful SEBI bring new rules for influencers soon. Finance experts of social media should be careful! SEBI is going to bring new rules for influencers.
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