Now Reading: SEBI penalised only 6% of finfluencers, CFA study finds
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SEBI penalised only 6% of finfluencers, CFA study finds
A study by the CFA Institute has found that the Securities and Exchange Board of India (SEBI) failed to penalise 95.8% of financial influencers even though their activities showed warning signs or…
The Story in Brief
A study by the CFA Institute has found that the Securities and Exchange Board of India (SEBI) failed to penalise 95.8% of financial influencers even though their activities showed warning signs or raised concerns. The survey, covering 48 influencers in 2025 and released in 2026, found SEBI action against only 6.25% of them.
Only three of the 48 influencers (6.3%) were SEBI-registered, and of the 16 who gave explicit stock recommendations, only two were registered. The report also noted that 37.5% of finfluencers did not disclose conflicts of interest, with some obscuring paid partnerships. The Hindu reports that the study highlighted a persistent gap between regulated activity and current practice.
The Indian Opinion
The usual narrative that SEBI is doing nothing fails to account for the structural challenge: less than a tenth of finfluencers are even registered. Another claim that all finfluencers are reckless is undercut by the finding that nearly two-thirds gave no recommendations and most mentioned investment norms. The real test is whether SEBI will now act against the 14 unregistered influencers giving explicit stock tips, or whether the gap will continue to widen.
Source: thehindu.com
This story was synthesised by AI from the source linked above.
