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Quote on Regulations announced by SEBI on influencers on stock manipulation from Dr. V K Vijayakumar, Geojit Financial Services
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Below the quote on Regulations announced by SEBI on influencers on stock manipulation from Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
"The tripling of demat accounts from 40 million in 2020 to 120 million in 2023 with 2 million being added every month has created an unprecedented opportunity for finfluencers to exploit these newbies who are flocking to the market. The new investors need to be properly educated and handheld. Instead many finfluencers are luring them into dangerous areas like derivatives. SEBI’s initiatives to curb this unhealthy trend are most welcome. Finfluencers who are misleading newbie investors have to be dealt with harsh punishment."
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