Their casual and chatty style is a bit hit with followers; critics warn their advice can sometimes be misleading as SEBI cracks whip on some 'finfluencers' violating norms.
While social media has brought increased access to financial literacy and advice through memes and metaphors, the quality can be inconsistent, surface level and susceptible to fraud.
Indians aged 20-30 are trading in options market in droves, but know nothing about it & so keep losing money. If losses mount, it could undo gains India saw in investment culture, analysts fear.
Ben Armstrong, better known as 'BitBoy', was ousted from his company last August and subsequently accused of extortion, theft, sexual harassment and workplace violence. He had 1.5 million followers on YouTube.
Ravisutanjani Kumar, a rising finance influencer who’d even grabbed Union minister Piyush Goyal's attention this month, has countered claims that he lied about his qualifications.
Markets regulator has sought comments on proposed rules that would effectively ban unregistered finfluencers from dispensing investment advice. Comments welcome till 15 Sept.
Admitting to rise of fake influencers indulging in practices that lead to followers losing money, finfluencers say consumers must be 'alert' but also feel govt needs to regulate the space.
Despite multiple agencies being involved, the US could maintain a clear chain of command. This is something India should consider too, as it defines the theatre command structures.
The latest comment comes as New Delhi and Washington have yet to sign a trade agreement. India’s purchase of Russian oil has reduced, but Moscow remains top source for crude.
Venezuela also boasts of a diverse portfolio of unmanned aerial vehicles capable of carrying out surveillance, reconnaissance and being employed for kinetic purposes as well.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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