Sebi mulls ban on social media tips

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Mumbai: Markets regulator Sebi Friday proposed to ban unauthorized stock tips through SMSs, WhatsApp, Facebook, Twitter, and other social media platforms. It is also mulling a ban on games and competitions based on trading in the market. Sebi also proposed stricter regulations on ‘Robo’ advisers — automated investment advisers gaining popularity globally. The regulator also said investment advisers using automated tools would be responsible for such advice.

social media tips

Sebi also proposed stricter advertisement rules for investment advisers, a ban on free-trial offers by advisers, and said that registered research analysts would have to simultaneously provide research reports to all types of investors.
On Friday, Sebi issued a consultation paper aimed at overhauling the regulations for investment advisers, and it will accept comments until November 4, it said.


The markets regulator also proposed that banks, NBFCs, and corporate bodies offering investment advisory services will be required to set up separate arms for that service. Sebi is proposing a three-year transition period for these entities to move investment advisory services to the new setup.

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Spent 2001-2004 buying and selling robots in Bethesda, MD. Spent several months working with tinker toys in the UK. Won several awards for selling teddy bears on Wall Street. In 2009 I was developing strategies for sausage in Prescott, AZ. Once had a dream of supervising the production of corncob pipes for no pay. At the moment I'm creating marketing channels for magma for the government. Communicator. Beer lover. Social media advocate. Travel guru. Pop culture evangelist. Entrepreneur.
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