SEBI asks recognised stock exchanges, clearing corporations, and depositories to terminate their contracts with unrecognised finluencers within three months.

The transactions took place between 2017 and 2023 when Ms Buch was a whole-time member of the SEBI and then its chairperson, the Congress claimed.

She said SEBI had asked clearing corporations and depositories to make funds available to foreign portfolio investors (FPIs) on the same day as the settlement

`Many finfluencers are misguiding investors, thus causing huge losses to them'

India's capital market regulator has asked stock brokers to establish an institutional mechanism to prevent and detect fraud or market abuse while invoking the provisions of the regulations enacted in 2024.