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SEBI launches verification agency to curb misleading investment claims
SEBI sets up a dedicated agency to verify investment performance claims, boosting accountability and investor protection in mutual funds and advisory services.
India’s market regulator introduced a new agency aimed at verifying past risk and return data of funds and investment products to tackle mis selling and misinformation. The body will audit performance claims made by mutual funds, advisors and online influencers, introducing standardized reporting and digital traceability. Brokers and funds are required to sever ties with unregistered advisors who fail to comply.