A Digital Blogger's video: Can SEBI Really Stop Finfluencer Frauds Response to SEBI Consultation Paper

We can see that SEBI's consultation paper has created a lot of noise against finfluencers. On August 25, 2023, a consultation paper was released to discuss and form strict rules to stop influencers from misleading retail traders. The purpose behind these guidelines was to prevent finfluencers from misleading retail traders. In this video, we will explore how finfluencers resort to displaying fake Profit and Loss (P&L) statements to promote their products and courses, leading to significant misinformation among retail traders. SEBI plays a pivotal role in rectifying this situation. Up until now, social media platforms like Facebook, Twitter, Telegram, and YouTube have been used extensively to mislead individuals. Fake P&L statements are showcased, courses are sold, or individuals are lured into Telegram channels with the promise of grand financial success. Fake apps have flooded the market, fake algorithmic trading platforms are being offered, and fake portfolios are being created. However, SEBI's consultation paper has yet to address these issues.In this discussion, we will delve into how these deceptive finfluencers are deceiving people and profiting from it. We will examine how these individuals create fake Telegram pages and fabricate P&L statements to portray themselves as wealthy while promoting their courses. SEBI has to understand the fact that 70% of new traders leave trading within a year. So short-term measures like asking brokers not to entertain influencers or giving them referral partnerships are not a solution at all. Some influencers who got exposed for sharing fake profit screenshots are here to stay for a longer term so a trader entering the market after 2 years would not have a clue of the influencers' fraud. Traders will follow him blindly. So when Sebi says that a finfluencer has to register with SEBI if he wants to continue in the stock market is not a solution or even a short-term solution. SEBI says to Tame influencers, he is going to curtail every money-making opportunity like referral accounts but many are making money from trading tip telegram groups or by selling courses or illegal PMS services. Not just finfluencers there are TV personalities who got caught doing frontrunning. So one of the best solutions is investor awareness. SEBI is doing that already to an extent but it still has to go miles. SBEI has a massive IPEF fund available at its disposal. SEBI has to spend money on investor awareness. It has to be active on social media like X, Facebook, and Youtube or any other social media which are used by influencers. It has to build social media teams that can disseminate information about potential frauds and expose happening in the stock market.in a nutshell, it has to use the same turf as finfluencers if it really wants to make a difference. Sending SMS, advice and Emails is not a solution. Awareness is the key. Our Coverage on this issue till now: Why Stock Market Frauds dont Stop: https://www.youtube.com/watch?v=RVsC4MT9rJ0 Traders & Fake PnL: https://www.youtube.com/watch?v=j3onmyppeFg&t=464s Dark Reality of Trading Profits: https://www.youtube.com/watch?v=qgvSzaNsAys Stock Burner Exposed: https://www.youtube.com/watch?v=0LWY3obD3UQ Legal Reality around Finfluencers: https://www.youtube.com/watch?v=VyQvRkR_ifw This is What SEBI will end up doing with Finfluencers: https://www.youtube.com/watch?v=qU8bzh7KR-c Baap of Charts Exposed: https://www.youtube.com/watch?v=NiW1qPqXQBc Akanksha Gupta Exposed: https://www.youtube.com/watch?v=TD-Vutv-cyY Recommendations on SEBI consultation paper sent to SEBI. Details here: https://twitter.com/adigitalblogger/status/1703012271704936721 Download our app Stock Pathshala for Learning Stock Market for free: https://bit.ly/3rg2h0h Follow us on Social Media Handles: Instagram - https://bit.ly/adb_insta Twitter- https://bit.ly/adb_twt Facebook- https://bit.ly/adb_fb LinkedIn- https://bit.ly/adb_linkdin 🎧 Listen to Our Podcast on Spotify: https://spoti.fi/3JnpmSQ 🎥Subscribe to our Stock Market Learning Channel: https://bit.ly/sp_ytube 🎥Subscribe to our Vlog Channel ADB Vlog - https://bit.ly/adb_vlog ✅Visit Our Website https://www.adigitalblogger.com/ ✅Visit our Hindi Website https://hindi.adigitalblogger.com 00:00 Intro 01:21 Revenue Models of Finfluencers 02:20 Fake Finfluencer is Here To Stay (shit!) 04:34 Sebi does not want to regulate them? 05:54 Lets talk Solutions 10:47 Sebi should owe the Responsibility like RBI does