Finance & Stock Market
Sebi removes the framework for fininfluencers and raises worries about F&O bets using borrowed funds.
By Kajal Sharma - 28 Jun 2024 06:37 PM
Sebi, the capital markets regulator, agreed on Thursday to oversee financial influencers, or finfluencers, in response to mounting apprehensions about the risk these individuals may pose.Amid mounting worries about possible risk connected with such individuals, capital markets watchdog Sebi agreed on Thursday to oversee financial influencers, or finfluencers.Concerns about the macroeconomic ramifications of individual investors' speculative wagers in the futures and options (F&O) segment were also voiced by chairperson Madhabi Puri Buch.
She said that the Sebi had established an expert working group to investigate why people were borrowing money and why household savings were drying up as a result of these bets.
