Regulating The Unregulated: Do Telegram Investment Advisers Fall Under SEBI's Ambit?

Dipesh Nassa, Narsee Monjee Institute of Management Studies

ABSTRACT

To be an investment adviser, registration under SEBI regulations is mandatory. Within these regulations, there exists a loophole by use of which many Telegram channels are offering seemingly free investment advice and thereby soliciting paid consultations. The research aims to find out such practices and analyse, in different ways, the exception to the definition of “investment advice” with the help of legal cases (SAT & SEBI orders) and legal principal ejusdem generis. The research emphasizes the need for clarification by official bodies to address the ambiguity that exists by reason of the loophole in the definition of “investment advice”.

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Indian Journal of Law and Legal Research

Abbreviation: IJLLR

ISSN: 2582-8878

Website: www.ijllr.com

Accessibility: Open Access

License: Creative Commons 4.0

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