News From Press Finfluencers have been making a lot of money by enticing followers. SEBI decides to curb their income

Finfluencers have been making a lot of money by enticing followers. SEBI decides to curb their income

Source: Financial Express Aug 28, 2023

Finfluencers have been making a lot of money by enticing their followers to purchase certain products, services or securities in return for undisclosed compensation from various platforms or producers. Soon, they will not be able to do this anymore.

The Securities and Exchange Board of India (SEBI) has issued a consultation paper to curb the influence of finfluencers.

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