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.
Premier David Eby, the leader of the minerals- and gas-rich province of British Columbia, spoke with executives at Tata Steel and Reliance Industries on a trade mission to India.
Overall, President Droupadi Murmu has approved Gallantry awards to 70 armed forces personnel, including six posthumous, on the eve of 77th Republic Day.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
COMMENTS