The report noted that SEBI did not penalise nearly 96% of the finfluencers that showed warning signs of providing unauthorised advice or raised concerns. Also Read | SEBI adopts new code of conduct for board members to boost transparency, public confidenceIt analysed 48 finfluencers providing financial advice between January and October 2025. The findings highlight gaps in the regulatory framework, with finfluencers continuing to provide stock recommendations and tips on social media platforms. “See, it is blatant that finfluencers continue to shape the narrative despite regulatory crackdown. This includes providing unsolicited financial advice, or failing to disclose paid partnerships.