SEBI: SEBI strict on those who advise buying and selling shares on social media without registration, action on four companies.
Market regulator SEBI has started cracking down on unregistered investment advisors on social media. Action has been taken on at least four companies. These companies were advising investors to buy and sell shares.
According to the rules, these companies can be fined along with a complete ban on doing business in the securities market. Also, whatever income has been earned from such wrong advice may also have to be returned. However, SEBI is currently investigating all these. SEBI has passed four such orders in a year. These are aimed at protecting retail investors and cracking down on financial advice from such unregistered people. According to the rules, only those who are registered with SEBI can give advice on buying and selling of shares.
Retail investors increased by 500 percent in F&O
According to SEBI, the number of retail investors in the country’s futures and options (F&O) market has increased by 500 per cent between FY 2018-19 to 2021-22. During this period 9 out of every 10 investors have suffered losses. SEBI has also asked stock exchanges and asset management companies to identify unregistered groups that are providing investment advice online.
Prices of Maruti and Honda cars will increase from April 1
On the other hand, vehicles of Maruti Suzuki India and Honda Cars are going to be costlier from April. Maruti Suzuki said on Thursday, it has to increase the prices to partially reduce the impact of regulatory requirements and inflation. However, the company did not specify how much the price hike would be. The company said, the prices of the vehicles will be increased from April, 2023 and this price increase will be different for different models. Meanwhile, Honda Cars said it will increase the price of its entry-level compact sedan Amaze by up to Rs 12,000 from April 1. The price hike has been done in view of the stricter emission norms that will come into effect from next month, the company said. The price hike will vary from variant to variant of the model.
