Prithviraj Senthil Nathan Highlights Severe Penalties by SEBI for Entities Associating with Non-Compliant Content Creators

In a recent article featured in Business Today, Prithviraj Senthil Nathan highlighted the significant repercussions that entities regulated by the Securities and Exchange Board of India (SEBI) could face for associating with certain content creators.

He emphasized the stringent measures that SEBI can impose, stating, “Sebi can impose fines for violations under Regulation 26 of the SEBI (Stock Brokers) Regulations, 1992, and Chapter VIA of the SEBI Act.” These fines can be substantial and act as a deterrent for non-compliance.

Additionally, he pointed out that the regulatory body possesses the authority to take more severe actions. “Sebi can also suspend or cancel registration certificates under Regulation 27 of the Sebi (Stock Brokers) Regulations and Chapter V of the Sebi Act,” he added. This means that entities failing to comply with Sebi regulations risk losing their operational licenses, which can have devastating effects on their business.

Read full coverage: https://www.businesstoday.in/magazine/the-buzz/story/regulator-sebi-is-targeting-firms-linked-to-unregistered-finfluencers-heres-why-437829-2024-07-19