SEBI plans to let accredited investors (AIs) invest in Angel Funds by adding them to the QIB definition and removing the 200-investor limit. This aims to boost startup funding while ensuring only financially strong investors participate.
A SEBI-registered advisor, Multipl, offers small SIPs with Swiggy vouchers as an incentive. SEBI chair Madhabi Buch clarified it’s not illegal provided no returns are guaranteed. SEBI focuses on risk-mitigation, not marketing tactics, and reiterated that no scheme can promise a specific outcome.
SEBI updated the investor charter for brokers, adding provisions like an Online Dispute Resolution platform and SCORES 2.0. This aims to strengthen consumer protection, promote financial literacy, and requires brokers to disclose the charter, complaint data, and resolutions on their websites.
SEBI fined Axis Securities ₹10 lakh for violating stock broker rules, including failing to properly settle clients’ funds and securities and passing exchange penalties on to clients. The firm must pay the penalty within 45 days.
What are you reading today? Drop your suggestions here 