Sebi cracks down on finfluencers selling stock tips in the name of education

To restrict finfluencers selling stock tips on various social media platforms under the disguise of “for educational purposes only”, markets regulator Sebi has issued a draft circular restricting the use of the latest share price data.

“Such person (someone who is engaged solely in education) should not be using the market price data of the preceding three months to speak/talk/display the name of any security including using any code name of the security in his/her talk/speech, video, ticker, screen share, etc. indicating the future price, advice or…