TradeLyf
@tradelyfblog
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NISM Certified | #SwingTrader | #PriceAction only | Posting trade ideas and stock charts |
Gurgaon, India
Joined August 2022
Flooded with DMs over the SEBI circular regarding finance influencers. I am a lawyer and have read the circular. The clarifications for the most talked about parts of the circular are in red. To sum things up: 1. If you are a registered entity: - You were already barred from sharing live stock prices on public platforms under SEBI's regulations for RA, IA. You can do the same in private groups with your customers because your license allows it. - You should not associate with unregistered entities engaged in either of the two prohibited activities. 2. If you are not a registered entity (like me): - You can share live prices on public platforms - You cannot share live prices in private/paid groups (this falls under advisory services which requires an RA/IA license) - A disclaimer "for educational purposes" in your private/paid groups will NOT save you. It can still be interpreted as unregistered advisory services. - Don't share live charts for microcaps after buying the stock. If the stock moves soon after your entry, it can be interpreted as market manipulation by you through your followers.
Need a post clarifying exactly what Unregistered Finfluencers can and cannot do. These SEBI rules are too confusing.
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Crazy to see an index etf move this way even though the index itself wasn't moving as much. Sold entirely at nearly 9% gain with ~30% size. Zerodha account had an even lower buy at 359.
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#Mahindra Just needs a final buy trigger in the form of a breakout to new highs. News will show you a lot of good things about Mahindra today. Price showed you the good things several days ago.
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@MARKETLESSI @finallynitin Common sense helps. Stay away from wild claims of 10-20% a month consistently. Stay away from people marketing aggressively. Stay away from those showing only winning trades.
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@_M0neyMatters @finallynitin They can post on social media, but they will have to be very careful. It is not prohibited but there are too many rules. They can share in private groups and even give buy/sell recommendations directly because they have a license for it.
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Generally yes, but the law is still not very clear on the first aspect. While an RA is allowed to share live charts, at the same time they must also adhere to the several other regulations that an RA must follow. If an RA does share live charts the will have to be very careful. If I were an RA I would personally refrain from sharing live charts just to keep my license out of trouble.
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RT @finallynitin: Here is the final clarity on the SEBI circular, with what's permissible & what's prohibited, & what's liable for legal ac…
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