The number of financial influencers registered with India’s market regulator has tripled, but a substantial portion of these individuals continue to share specific stock tips, according to a new report.
The Securities and Exchange Board of India (Sebi) data reveals that while compliance with registration requirements has increased significantly, one in three registered finfluencers still engages in the practice of recommending individual securities.
This persistence of stock-tipping activity highlights ongoing challenges in regulating the rapidly growing sector of social media financial advice.
The report indicates that investment discussions are increasingly migrating to private groups, webinars, and other closed channels.
These platforms offer limited regulatory visibility, creating a blind spot for oversight authorities attempting to monitor market manipulation and investor protection risks.
The findings come as Sebi has been working to formalize the role of financial influencers in the market ecosystem.