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SAT expects rigorous probe, very difficult to catch finfluencers: Sebi WTM
It is "very difficult" to catch financial influencers as the Securities Appellate Tribunal (SAT) expects rigorous investigation, Sebi's whole-time member Ashwani Bhatia said on Monday.
Sebi orders can be challenged before the tribunal.
Bhatia said the capital markets regulator has done one case of a financial influencer since coming out with the guidelines earlier this year and termed it as a "very, very big achievement".
"It is very difficult to catch financial influencers. The fact that we have done one case is a very, very big achievement because the rigour of investigation that SAT expects out of us is like a proper legal matter," Bhatia said while addressing an event here.
He said Sebi has to get an influencer's telephone and cellular details, which takes a lot of time, and added that they also keep changing their locations.
The career banker-turned-securities market regulator said at Rs 17,000 crore per month achieved in October, the systematic investment plans (SIPs) have .