SEBI Chairman Tuhin Kanta Pandey has said, the markets regulator will soon amend its rules to prohibit the use of current live market data for investor education, with permission to use only past market data.
Speaking to reporters on the sidelines of an event at the National Stock Exchange in Mumbai today, the SEBI Chief clarified that there is no regulatory vacuum, but there may be a lack of understanding regarding rules on investor education. He added that SEBI regulations clearly say that one cannot give stock tip advice. Mr Pandey also acknowledged an inconsistency between two SEBI circulars on the use of live data and said the regulator will soon address the issue.
The Chairman’s remarks came days after SEBI’s recent action imposing a penalty and ordering disgorgement of over five hundred and forty-six crore rupees on financial influencer Avdhoot Sathe.
