India's SEBI Cracks the Whip on "Finfluencers" | Vantage with Palki Sharma

India's SEBI Cracks the Whip on "Finfluencers" | Vantage with Palki Sharma
Social media is flooded with financial influencers, or "finfluencers", those who offer stock picks and investment advice. But can they be trusted? A recent report from India reveals that 72% of their stock recommendations underperformed the market. In India, regulators like SEBI are cracking down on unregistered finfluencers engaging in illegal practices. While some aim to educate, others profit from misleading advice, leaving followers to bear the losses. So, what should you do? Should you stop following finfluencers altogether? Palki Sharma tells you.
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India | SEBI | Social Media | Finfluencer | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#india #sebi #socialmedia #finfluencer #firstpost #vantageonfirstpost #palkisharma #worldnewsintel
Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest news stories from a 360-degree perspective, giving viewers a chance to assess the impact of world events through a uniquely Indian lens.
The show is anchored by Palki Sharma, Managing Editor, Firstpost.
By breaking stereotypes, Vantage aims to challenge conventional wisdom and present an alternative view on global affairs, defying the norm and opening the door to new perspectives. The show goes beyond the headlines to uncover the hidden stories - making Vantage a destination for thought-provoking ideas.
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[@pallabkumarpal]

The perfect move by SEBI, those cheap people should be banned for a lifetime.

[@deepakgeorge5871]

Who is SEBI..I scratch my back.. you scratch my back entity.. lapd-gs of Ad-ni.. statutory body unable to find out toot owner if certain group in small nation like mauritius..😂😂

[@Rudi_Mentary723]

​@@deepakgeorge5871 pretty sure if you had a different government ( your preferred government) in power, you'd be singing a completely different tune in the comments..typical.

[@deepakgeorge5871]

@Rudi_Mentary723 no..even if this khangress (italian mafia with soros) this is the same for us .tax terrorism continue with Ad-ni and amb--ni rule over us..

[@roshannelson64]

​@@Rudi_Mentary723just like how your singing now

[@Rudi_Mentary723]

@@roshannelson64 lol, it's my first comment to his numerous comments on the same lines in this very channel..so who is really singing here ?!

[@harishankarpatra3373]

I followed advice from these influencers when I was new in market during 2021, then lost nearly 30% of my capital. Then i started studying stocks on my own before investing, now I'm on right path growing my capital.

[@timbaktuu9845]

People in India generally don't do much research regarding their priorities.People love to be dependent on their favourite KZbinrs

[@desionmynthlu1273]

Share what to study please

[@ajayjadhav6869]

me in 2018

[@harishankarpatra3373]

@@desionmynthlu1273 first visit company's website, see their business deals, their financial figures for last three years, promoters share holdings in last 3 years and it's trend, look at cash flows of the company and most importantly stocks performance in past when it's results get announced.

[@aamanchauhan2698]

i am a beginner. can u share what to study and how to study

[@RakeshDas-l5v]

Great work mam these finfluencers are destroying life of many middle class

[@MAGABABS]

Nonsense..people can choose for themselves..financial advise is no better from “licanse raj”..how’s that rupees 85 to a $1 coming along? You have no knowledge doesn’t mean banning open source knowledge is a fix..it’s a government take over fool..

[@paulstuart551]

If the greed of the gullible middle classes causes them to lose their money it is a self inflicted crime, you should only invest what you can afford. Even if the game isn't rigged it is still an unreliable form of gambling. Even studying the markets carefully does not guarantee success. I knew a young woman who made money by buying & selling fluctuating currencies.

[@TGill22]

They should be jailed also for fraud

[@T3Rmin4LCuRi0siTy]

They will be hired and will be put to work to loot in an organised manner where they are the pawns and the max profits will go to a shark or even a whale!

[@shilpigupta1369]

What about healthfluencers? Dangerous trend

[@supriyasuresh5390]

True…

[@SaikatSaha-yk1yq]

Naah, Health influencer are Good People

[@surajm4547]

Or moviefluencers?😂😂😂

[@ShammaNayak]

Worse ppl

[@namratagogoi2763]

If doctor than its good

[@nikhilmittal1580]

people are watching youtube on how to make easy money and then spend little more time here on how to avoid such scammers. what a wonderful world.

[@goofychameleon]

Haha...both ways they are doomed!!

[@nisnid008]

how about the big players like ET, CNBC, NDTV Profit.....They do it openly on TV and KZbin channels. How do they regulate? Registered means what ? Propagate what SEBI wants them to do? Ultimately it is the call of the investor how much risk he is willing to take in what instrument .

[@Delllatitude7490]

SEBI is a regulatory board for anything related to stocks. it's quite literally doing it's job, you are basically saying, what right the censor board has to censor movies, users should take the risk and find out. did they send a notice to you or something?

[@kazuma2060]

Have you ever watch those videos they never told you to invest in those stocks and they never recommended shady penny stocks. Plus they are under guidelines so they can be punished

[@nogoddd]

yes they always play front runner and scam investors , they have immunity as long as they keep licking adani feet.

[@ketanpatel7684]

Sahi kaha bhai 🙏

[@ketanpatel7684]

NDTV , CNBC 😅😅 ❓

[@acpatel9491]

I am glad that finally SEBI is cracking down on this. This will help lot of people getting ripped off from their hard earned money.

[@seanbellfort2298]

😱😱😱 SHOCKING - Government must step in immediately and ensure naive and vulnerable people are protected. 🕉️💪🇮🇳

[@AB-eq9tf]

Only thing that is too good to be true but 100% true is Ms.Palki Sharma and her topclass presentation 🙏

[@subodhwaghmare6662]

All the influecers give a discalimer that this is not financial advice. SEBI and no one can anything about it. The brokers in SEBI are making less money because they are not getting commissions ..

[@IndigenousVoices]

This was much needed, People must do their own research, Blindly following someone is dangerous. I know a friend who lost 30 Lakhs by following one of these Influencers. Now he is in debt for Life, Poor guy !!!

[@semantidutta1405]

Isn't this same chairperson of SEBI was accused???

[@furyorb4984]

😂xactly ed should look into her first

[@kazuma2060]

Accused by whom ?? A George Soros and hindenberg a sort seller. So we blindly follow those shady business lords ?? Reason why we were colonized for so long years

[@JamaalGhota-iq2ln]

That was all Fake Allegations, nothing proved. You don't believe your Judiciary?

[@vinaydev437]

Pappu is accused of so many things too. Accused does not make you culprit 😂😂

[@ashwinatresh4278]

I liked a catchy tag line from a well known broker's tv commercial. Only 3 important tools are required for investments 1) Research 2) Research 3) Research Don't base your investments on emotion or finfluencers. Do your research.

[@BengaliManfromWB]

The man from Motilal Oswal.

[@ilyasraza8619]

Seriously I,m big Fan of Palki Sharma From Pakistan 🇵🇰❤

[@Deathsboyg]

Change your country's name to Palkistan

[@Wishva737]

Ok we will let her know

[@bbat2822]

Very important coverage…. Thanks Palki. I look for facts here

[@VivekKumar-ge2us]

Beautifully put forward 👍👍👍👍👍💐💐💐💐💐

[@binapanisahoo5037]

SEBI should take strong action against them and should ban for life time.

[@mvsumanth]

Government will not ban alcohol, cigarette, gambling apps or will not put control on wrong side driving, private helathcare charges or education costs or real estate prices. But they want to poke their nose wherever the common man tries to make money.

[@Galactus7-o1z]

You must be really noob to make such statement. Alcohol, cigarettes etc you mentioned are not scams, there are warnings on the label of all intoxicating products. But giving fake financial advice and ruining people'e lifelong saving is a well known scam. I have known people who lost 20+ lakh rupees to such scams.

[@jaydeepmalviay2582]

You r touching each aspects of life. thanks for ur analysis

[@shivkumarn2609]

The same analysis need to do for business channel recommendations

[@karma__73]

Yes , SEBI need to take a look at them

[@dilipartani5999]

Amazing research thanks palki

[@justpractice6286]

Beware of SEBI chairperson 😂

[@skr0nytbe389]

❤

[@kartiknaidu6564942]

She is the biggest froud

[@nehakanojiya5155]

True 😂

[@mein3324]

PM modi also told people to put money in PSU, but sebi can't even touch him.

[@peterroth1563]

Epic!

[@AkashuFINTECH]

Financial Education and Risk Management is essential for individuals who wish to invest in the stock market. People should avoid following direct advice from financial influencers.

[@manastic7270]

This is why you should pay a professional to handle your money in the stock market rather than any internet grifter. With such people, you are more vulnerable to being taken advantage of. While financial companies have the security oversight to prevent such actions in the first place.

[@YSKWatch]

not all professional can be trusted either. so many stories about that.

[@yndesai]

Investor need to take ownership of their decision to invest and consequences. Mutual funds are handled by professionals and more than 63% are not able to beat index.

[@jainkumar492]

What about adani? What about news channel? What about big brokers? What about print media?

[@nikhil.k8938]

They are funded by government

[@Sy06274]

They are followed by the government 😂

[@spookyskellyskeleton609]

Adani ne toh desh bech diya bro , uski companies bhi bahar hai na bro 😂😂 chamcha sala .

[@trailsofsamurai4975]

All are same FINFLUENCERS

[@shivakrishna1167]

Adani built companies which is providing jobs and also tax for Indian government

[@SD_1212-k1d]

Great coverage

[@RiYo8]

A total absurd move by a zero credibility agency SEBI. Finfluencers work on results, any finfluencer not getting results will get dislike and not survive in the market. SEBI on the other is facing so many allegations and have not come out clean. Stocket market in India is a scam.

[@kazuma2060]

Then don't invest. Or are you any sort of shady fininfluencer why are you crying

[@nogoddd]

sebi cannot do anything sebi is adani's feets dust

[@RiYo8]

@@kazuma2060 lol, I am not crying its is SEBI which is crying. People are making money and they don't like that.

[@mlg5015]

Nonsense, if you think they are so genuine what prevents them from registering. Educated idiots who see conspiracy in everything is the problem in our country.

[@parshivmehta]

I was loosing money but then i followed "Traders Paradise" & "Traders Room" now i am in profits ... Now what is wrong in them ?? why SEBI banning them

[@relaxzone680]

Meanwhile PM and HM advicing investing openly before elections

[@shubhamgattani5357]

[@Alaouber]

Konsa nasha karte ho

[@kazuma2060]

So Pm and HM told you to invest in any particular stocks literally chamche

[@ganeshsathyamurthy7663]

😂😂😂

[@NINJA_AMARA]

😂😂😂

[@jasminek7603]

Very good information

[@jinymathew7688]

Post covid...increase in finfluencers..increase in investment...increase in Taxes....finfluencers made their money and now move to different countries....

[@GiriGagan]

I would like to see the performance of stock recommendations the registered sebi guys give vs the non-registered people.

[@devanshmehta7665]

That's why we made OpiGo. People who predict stocks on OpiGo, get scored based on their performance. You can see all the predictions made and their profile scoring. That's why many fraud people avoid joining our app altogether 😅

[@ericsoncj]

Now some one should do the same for health influencers

[@unnikrip123]

Akshat Srivastava 😂😂

[@apoorvas.n8471]

He ran of to Dubai now 😂.. no one can catch him now I guess

[@ginny6102]

Fraud

[@ravikumarvkpura1203]

I have personally learnt a lot about finance, economics and how to invest in good assets through his channel in the past 5 years. He is very much knowledgeable compared to any other finfluencers in India.

[@abcxyz1881]

@@ravikumarvkpura1203correct

[@maheshnagaraj4402]

I like some of his analysis. I have made money thrice when his fundamental analysis matched with mine. But yes at times he is totally off like how he sees Asian Paints.

[@rn-om3hu]

Beware of everything!

[@nayaksan]

Registration should be made mandatory if the finfluenciar wants to recommend financial products

[@LegendJoe3063]

Remember if they say DON'T you should definitely DO it.

[@rogermoore27]

Good job

[@Deepak-fb8yk]

This is a huge issue because some of these influencers have millions of followers, so they can easily speculate on any stock.

[@priyashmukherjee8284]

Good

[@lostsoul4317]

They aren’t charging any penny for these advice unlike traditional advisors. What gives sebi the right to thrash them when they are operating on independent social platforms. How many will they catch ? they are innumerable

[@samfrommcc]

Training income is always greater and safer than trading income. Ban these influencers

[@HimanshuKumar-gr8to]

Timestamps) 00:08 - Social media enables anyone to become a financial influencer without traditional qualifications. 00:35 - Finfluencers' stock recommendations show significant underperformance. 01:09 - SEBI addresses misleading financial advice from influencers. 01:37 - SEBI targets illegal operations of unregistered financial influencers. 02:07 - SEBI is intensifying regulations against financial influencers in India. 02:35 - SEBI aims to regulate financial influencers for legal compliance. 03:07 - SEBI mandates registration for financial influencers to protect investors. 03:33 - Caution is essential in investing; do thorough research.

[@dilipartani5999]

True 👍

[@DJJasmine93]

Nice video

[@akib289]

Great topic Covered 👏👏👏

[@abhishekbal399]

Very good. Meanwhile what about the following finfluencers ? 1. Narendra Modi 2. Amit Shah They have more followers than the 15000 unregistered and unregulated advisors Last but not the least what regulation apply to the chief of the regulator - Mrs. Madhabi Puri Buch ?

[@anandsaini5708]

Where was SEBI when PayTM came up with their un-justified IPO. Look at their price IPO price and current price. It will never achieve it back. Was SEBI not aware of the tactics then? Such a lame organisation.

[@kazuma2060]

Un justified ipo then why did you subscribe??? Isn't it your fault. SEBI has nothing to do how much valuation a company can show. People loses a lot of money because of fin influencer who advise them to invest in such overrated stocks

[@urldroidsuperbot2139]

The finfluencers always put a disclaimer "this is not investment advice". It is silly to block freedom of speech. Since the start of cable tv in India, I've seen "experts" come to business channel tv shows and answer the anchor's questions and express their views. Not once I have seen experts being reprimanded or barred. Now some people who are investors themselves are using social media. Long back some people wrote books like "Rich Dad poor Dad". Normal people invest in stocks and share knowledge/understanding with newer investors among friends/colleagues. Why is it SEBI's concern? No individual should invest based on recommendation only, they should listen and learn about the methods or logic or thinking and develop their own. Or they can invest based on the investment advisor working with banks who do some paperwork and recommend.

[@puli4437]

that also illegal ...

[@Fornix_]

Its illegal. Stop this nonsense “Freedom of soeech” everywhere.

[@referralacc1033]

Instead of writing long comments if you had just googled the law then you would know that its illegal for non-registered people to give advices..Finfluencers have major following and they have illegal advantage to make a stock bullish or bearish. Same thing happened in US market.

[@urldroidsuperbot2139]

@referralacc1033 They don't give recommendations. They discuss strategies. I watch Akshat Srivastava. Even Sundar says stuff like options but I'm note sure if that can be called advice.

[@urldroidsuperbot2139]

@@Fornix_ I will say anything I like in my social media channel. Let SEBI stop me.

[@NAVI05]

Read somewhere “I became millionaire by the advice of finfluencers, I was billionaire earlier.”

[@AshishSir-k3c]

Right individual suffering lot of money loss due to wrong influencer.. perfect move by sebi

[@jayanti98]

finfluencers like cheat Akshat Shrivastava who recommend their friends' and sponsored products have ruined many. His recommendations such as Vauld and Navi have been a disaster. Govt should take very strict action against them

[@LimayeRahul]

Buch has avoided questions by a committee. I don't need an influencer to influence me.

[@KCYT2023]

Says Madhuri Puri Buch who is an offender herself and basically immune to any legal action 👏

[@rajathramachandran7694]

Bold move

[@Naijarianman]

people should be free to follow who they want or not, stop treating population like they're idiots

[@rishabhgautam2723]

Adani-fluencer warning about finfluencers. What an irony 😂😂

[@padmaoruganti9179]

These experts suggestions aren't real , most of the time unachievable , like a 25 year old investing 15k per month for 30-40 years , and the investor receives maturity in crores , is it possible with todays job's and salaries , we have to think about it 😂

[@user-wr6yl6fx7w]

Some kind of regulations should also be practiced for people teaching stock market akso. They made huge money thru teaching stupid not working strategies. They should have some govt approved certification to teach stock market. The fee for such classes goes even more than 1 lakh in some places.

[@abhishekbal399]

Good move. But what about the “Buchfluencer” ? Why she is still there ? Why she is not jailed ?

[@xitheindianpooh]

Rahul Jain and Shankar Nath, both have recently promoted Groww NFOs and ETFs under the name of market analysis without disclosing that it is a paid promotion. Not sure if it is illegal but certainly is unethical. New investors are sure to get trapped in such financial schemes if it does not perform against established MFs and ETFs.

[@Akhnaton123]

Jumped in too late like always

[@Mr_Pussi]

Actually Instagram and Facebook should be banned in India.

[@pritsingh9766]

Twitter too

[@udsinghs8706]

And modi too

[@Rudi_Mentary723]

​@@udsinghs8706 people have been trying to do that since 2014. Its been more than a decade.

[@timbaktuu9845]

Gandos too​@@udsinghs8706

[@Albatrosshanger]

Exactly Instagram is too much filled with influencers, asking us to got here there at the end we spend money so much unnecessarily. Its such a scam. This is how people end up in debt.

[@amitdec97]

I have a question here.. It was mentioned "formal" advice in the video.. I don't think instagram and youtube are formal platform for investment advisory.. so how can any advice given by finfluencer be formal here??

[@sanaira190]

My friend was sent harrassing messages from some people because she's a 'finfluencer'. But she just explains the meanings of terms in the financial markets for beginners and the advantages and disadvantages of different investments and stuff. She's a budding ca. Please dont be hateful of finfulencers blindly. Actually see what content is.

[@jeanmarkbadibanga8689]

I’m responsible for what I tell you to do but not for what you do .

[@bhabanishankar3264]

I came here thinking Madhavi Buch did something and was also wondering how Palki Sharma dared to report 😂😂

[@r1a933]

I'm happy sebi is actually doing there job.

[@abhi_8029]

Beware of newsfluencer as well😂

[@puneethraj173]

How the heck is the SEBI chief still in office

[@ichopra3474]

Actually they are not Finfluencer..... they are company's broker..... they make their money.....

[@ekkabipin2993]

Whenever I see a lot of repeated Advertisements for a product, I know the product is just average, as It can't sell because of its own quality. So they try to push it down your throat 😂

[@moncythomas3268]

Waiting to see taking action against Adani.

[@Rods_From_God]

Its good to know that SEBI also a usual PSU board which slept for this long😂😂

[@DannyLucas-tb7lr]

Life is money money runs the world, ur emotions feelings mood family relationship marriage trust none betray everyone for better even government

[@Kilo-Class]

Even a registered finfluencer could take commissions from the broking house and advise on stocks to buy !

[@FrancescoMarelli84]

As long as a content creator - be it an "educated" or "uneducated" person in that domain, a TV station, a government agency or anyone puts clear disclaimers in place, what is the problem? We are not small children, we need to make choices as adults and life will punish or reward us for it in different ways - life is not that complicated. If we go down this road, it'll lead to an Orwellian type society where nobody can say anything anymore (except the largest corporations and/or the government). I don't think I'm a fan of fascism and/or monopoly of power, nor are most people. The only cure for bad speech (or bad advice) is BETTER speech (or advice)... NOT censorship or crackdown. ❤😢

[@yourtradingview921]

Even the most eligible sebi register can not tell exactly where the stock is going now , then why sebi is worrying about influencer? The real truth is the money and sebi got eyes on it.

[@NavneetPrasad-zc4mf]

Whatever happened to the many cases on the very tainted Madhavi Buch...looks like all thrown away to shield the one who's shielding Adani and the biggest racketters of them all...

[@kazuma2060]

Problem is that people don't want to invest time in learning skills like investment, trading etc they just look at it as instant money making process and become dependent on others and then lose all their savings. I have a lot of my friends who took loans to do trading in stock market under some influencer guidance and end up losing all the money

[@mahmud-y4z]

Financial advisor😊

[@YouCantHandleTheTruth.]

The Ambanis hires most to tell the world about how rich and famous they are. But India heavily relies on such.

[@rockrock-db9et]

What's the Webinar fee sir

[@Kilo-Class]

What about zee business, CNBC awaz, NDTV business etc etc ?? They also advise bogus stocks to buy and even advise on bogus F&O trading !!

[@iRahulKumbhare]

Ok. Got it! The rupee is weakening because of FinInfluencers 😂

[@ekoramaradhyahm8549]

Its true.. they can mislead the people invest in wrong portfolio

[@khajapir]

When SEBI themself do scam and play with hard earned money of citizens what to do? British BJP Raaj

[@dianafernandes9425]

What happened to Pearls Sebi was supposed to return the money of people of Goa they asked to upload the documents but no news of returning the hard work earned money all gone.

[@sagnikdas]

Sebi being super strict in case of finfluencers but not paying heed to Adani scam just shows its real colours... Atleast the finfluencers were the reason why financial literacy has risen over the yrs although some are scams and must be punished asap..

[@shreyadevi5770]

Seeing video to be aware of finfluencers but getting KZbin ads from them in the same video😂😂😂

[@charita.]

Where did you see the ad

[@shreyadevi5770]

@charita. we get youtube ads right when we watch videos. When i opened this video , a finfluencer's ad was coming up 😂😅

[@charita.]

@@shreyadevi5770 oh okay

[@sidneycardozo]

Such a joke people rather than doing their own research believe in Finfluencers

[@chandigarhpropertyclub]

When a financial advisor in India is registered with SEBI, it means they have met certain criteria and regulations set by SEBI. These criteria may include qualifications, experience, and adherence to ethical standards. By choosing a SEBI registered advisor, you can have more confidence in their expertise and trustworthiness. They can assist you with investment planning, portfolio management, and other financial matters. It's always a good idea to consult with a registered advisor to make informed decisions about your investments.

[@tradehut2782]

The only things SEBI cracks down on, are innocent stocks that go up.

[@prashanthb6521]

KZbinr Palki is also doing the same, not with stocks, but with journalism. 😂 Nobody to hold her accountable !

[@nishalkoendanlal8713]

If they get commission from stockmarket that means that stealing and cheating is involved 😢😢

[@vidhyanandcs]

Pump and dump scheme by finfluencers.

[@sincerelyIndian]

Would SEBI crack down on Adani the same way?? I wonder.....Just because they are not powerful enough, Sebi can bully them, but what about people who influence everything in India nowadays?? Kamzoro pe zor dikhane me koi himmat nhi chahiye hoti madam.

[@EdithSuresh-p9x]

Finfluencers keep saying invest 10K SIP for 20 years you become a crorepati. It is not possible to predict the returns.Pls dont follow these guys.