Financial Influencers – A growing concern in India | Adv P.M. Mishra in talk with CNBC Awaaz

In this video, we take a look at the dark side of financial influencers promoting stocks on social media platforms, resulting in significant losses for unsuspecting investors. While social media can be a powerful tool for disseminating financial information, it can also be misused by unscrupulous individuals seeking to manipulate the markets.

Adv. P.M. Mishra joins the discussion with CNBC Awaaz on the need for clear guidelines and pre-qualification of influencers promoting stocks/anything on social media platforms. He emphasizes the importance of transparent terms and conditions and robust law enforcement to protect the interests of the general public. He added that the government can introduce a licensing policy for these influencers in India like various other neighboring countries for the sake of Investors and the people. Adv. P.M. Mishra also highlights the need for stronger policies regarding social media apps and urges the government to take strict action against newly launched apps promising returns on investments. Organized crime on the internet is a growing concern and he insists that the government take immediate action to prevent individuals from becoming victims of these fraudulent schemes.

Watch the full video for more insights into the dangers of financial influencers on social media and the urgent need for regulatory action.