Sebi Issues Code: SEBI became strict on those who give online advice on the stock market, now arbitrariness will not work, released new code – sebi issues code for ads to rein in finfluencers
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This warning must include
As per this code, advertisements must also include a standard warning stating, “Investment in securities market is subject to market risks. Read all relevant documents carefully before investing.” Further, the advertisement shall not make any promise or guarantee of assured or risk free returns to the investors.
steps taken because of this
Actually SEBI has taken this strict step to curb misleading advertisements and claims. SEBI has issued this new code to stop these misleading advertisements. Along with this, SEBI has also banned the use of certain words. SEBI has issued a circular regarding this. SEBI has released a list of words that have been banned. These words include many words like number 1, best market leaders. It will be mandatory to follow these codes of SEBI. SEBI has also imposed certain conditions regarding advertisement.
SEBI has also issued these instructions to all registered entities. SEBI has also banned the claim of fake users as evidence in advertisements. Claims based on assumptions and conjectures are also banned.
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