The Security and Exchange Board of India (SEBI) has prohibited regulated entities such as stock brokers and mutual funds from associating with unregistered entities like financial influencers. Following a board meeting, SEBI Chairperson Madhabi Puri Buch stated that entities under SEBI’s regulation must not engage with any unregistered person who offers advice or recommendations, whether directly or indirectly. However, SEBI clarified that these restrictions do not apply to individuals solely involved in investor education without providing investment advice. SEBI is also planning to notify digital platforms through which unregistered persons will not provide investment advice. Additionally, SEBI’s board has authorized registered investment advisors and research analysts to optionally collect fees for their services.  Mrs. Buch said, this mechanism shall help investors to differentiate between registered and unregistered entities. SEBI board also approved Cybersecurity and cyber resilience framework for regulated entities.