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SEBI’s New Steps Against Finfluencers and Investment Frauds

30 May 20251 min read
BANKING & FINANCESEBI’s New StepsAgainstFinfluencers andInvestment Frauds30 May 2025safalsetu.com

Why in the news

SEBI described measures to protect investors and market integrity.

Key facts

  • Only approved financial apps to stay on Play Store; unregulated apps to be pulled down.
  • Exchanges to verify claims by listed companies and flag false ones quickly.
  • The new UPI system aims to stop cyber fraud, misrouting of funds and fake trading platforms.
  • Rule aims to dismantle the business model of misleading market promotion.
AreaAction
CybercrimeWork with state police, cybercrime units, ED and CBI
EducationAwareness on allocation, especially for F&O traders

Message

Overnight wealth through trading is a gambling illusion.

Exam angle

  • Figure: 70,000 removed.

Test yourself

1. How many unregistered finfluencers had SEBI removed, according to the notes?

SEBI removed 70,000, with 5,000 more removed each month.

2. Under SEBI's UPI-linked system, investor funds will be transferred only to which accounts?

Funds will go only to pre-registered bank accounts.

3. What are SEBI-regulated entities no longer allowed to do with unregistered finfluencers?

Regulated entities cannot advertise via unregistered finfluencers.

This topic is part of Daily Current Affairs 30 May 2025 (13 topics).

All topics of the dayDay quizMay 2025

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