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Below the Views on the latest SEBI announcements around Finfluencers by Mr. Anshul Arzare, MD and CEO, YES Securities

"As financial intermediaries, it is our fiduciary responsibility to assist clients in all neutrality,  without any biases. Associating with unregistered financial influencers undermines this and poses significant risks to investors. We fully support SEBI's initiative, as highlighted by SEBI chief Madhabi Puri Buch in her live press conference, to tighten regulations and ensure stocks meet stringent criteria for derivatives trading. We have always  maintained that the primary function of derivatives is hedging and not trading. We work on - customer first approach, which has helped us maintain the trust and confidence of our investors."

He continues, "Equities is a game of patience. Unrealistic expectations around returns and impatience are detrimental to equity investors. We remain committed to assisting our customers in building long-term portfolios in their journey of wealth creation."

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