Decoding the SEBI consultation paper on regulating financial influencers
HTML-код
- Опубликовано: 29 сен 2024
- Financial influencers or finfluencers have become incredibly popular in the last 4-5 years. While there are a lot of amazing people who teach people about trading and investing, there are many that sell greed and set wrong expectations. SEBI recently came up with a consultation paper on regulating finfluencers. In this video, Nithin, Abid (Co-founder & CEO of@BeSensibull) and Sandeep Parekh (Managing Partner of Finsec Law) discuss the issue of finfluencers, SEBI's consultation paper and the challenges of regulating them.
Check out this post for the transcript and relevenat links:
zerodha.com/z-...
These fin influencers will sit outside india and telecast these videos
Great Initiative from SEBI
In this age of technology, why can't we eliminate the need for brokers?
Hello Zerodha, Abid and Nitin -
First of all thank you so much for this episode. You guys are doing great work.
I have an couple of questions -
I am a SEBI registered sub broker with IIFL. I also provide algo trading software services. Now i don't provide any recommendations on stocks but the algo automatically selects which strike price to trade and trades automatically in clients account.
Which regulations does this fall under ?
Do i have to take RA or RIA license?
Hi, you can post your question here: tradingqna.com/t/fake-pnl-of-live-trading-finfluencers-scam/152081
@@zerodhaonline Hi Zerodha i have posted my question there as well and haven't gotten any reply. Please help me solve my query
@@prasenlonikar9753 If you are managing money for other clients, this falls under RIA regulations. It doesn't matter if you are doing or if it's automated.
Dear Zerodha,
Thank you so much for clarifying 😊. I am grateful for your replies. I have a couple of more questions - please help me regarding that.
But some context first -
I am a SEBI registered sub broker with IIFL. I also provide algo trading software services. Now i don't provide any recommendations on stocks or index but the algo automatically selects which strike price to trade and trades automatically in clients account. The client has subscribed to the algo and given the consent. This is a self trade platform where the user himself selects the strategy and uses the platform to execute the trade. (In short we provide ready made strategies)
1) Which regulations does this fall under ?
2) Do i have to take an RA or RIA license ?
3) Can i give personalized advice using robo advisory?
4) Can we trade the market as well ? (with disclosure given) if yes any restriction on instruments ? (Such as only index and commodities and not stocks )
6)
a) If we charge software fees does that come under advisory fees ?
b) are advisory fees and software fees separate ?
c) Can we charge both ?
d) Do i have to keep advisory and software fees separate ? (In case of RA/RIA license on personal name and Algo software in firms name,
e) Do i have to keep my firm and personal entity separate? (If i take an RA/RIA license for my firm and charge software fees in it ?, Can this be done ?
7) Can we give an advisory to clients for investment into ETF or any long term growth options ?
P.S. i am consulting a lawyer but your answers matter to me.
Sir Mera AC khol dijiye kisi mistek ke karan khul nahi hai please help me
Hi, we're sorry about this. Please create a ticket at support.zerodha.com so we can have this resolved at the earliest. You can also contact us on our account opening helpline: 080 4719 2020.
zerodha.com/contact
Would have been picture perfect podcast if Karthik Rangappa was on it too... We would have the looks (Nithin), the physique (Karthik) and the sarcastic humor (Abid) all in one frame....Alas....
In all this, I'm unable to find clarity on whether an unlicensed individual can blog or post content anywhere purely based on their knowledge and understanding and/or share their trading/investing experience, with no suggestion or promotion of tips, tricks, securities, products, platforms etc.? Just a few basic well known rules of finance?
I've been trading through Zerodha for past few years and had summarized my learnings in a set of few unbiased, neutral ideas. If I post them with proper disclaimers, would i still need a license?
Sebi taken great step for fin influncer
One thing more to add by sebi also take step for those persons or there executive who make phone calls regarding trading investment and so on
Irony that this is a RUclips video
rightly said, if somebody knows how to make money then why he will share his edge. Consistent money making means 10 years... nithin said he never come across any consistent trader means ... there is a lot of meaning in it ...🙄
भारत से कमाई हिंदी बोलने मे शरम आती है इनको
brokers getting issues by exchanges retailers losing crores and see how these people are enjoying
Brokerages and Govt. Taxs are looting retailers more than any finfluencer or telegram group. SEBI should come up with direct to exchange trading facility and eliminate all the intermediaries.
Hello zerodha
I have one doubt please don’t ignore. 🙏
I used your demat account & also refer to others and earn referral income too .
I have 12000 subscriber YTchannel and covering news about share market.
My doubt is many of RUclips channels delete there old videos as they share your link in videos. Should I also need to delete my videos too?
One RUclipsr said he received mail from zerodha to delete link or made such things via google drive or WhatsApp but i won’t received any mail from zerodha .
So now i am super confused what to do?
Does zerodha sending mail only to traders, or investors, or those who accept zerodha partner program??
Please clarify 🙏
Expectations are high
7%
To 10%
Yoy is ok
Be content
Thank you sir 🙏 it's an engaging and informative discussion
Lots of for all of you❤
It is true that I learn all the knoledge about stock market from You
tube even to day Watching your discation . The problem is the if some one lie or creating misconception and profit from that , even if he is not profiting but telling lie then he commit harm to the common trader or investor and society as a whole.