MUMBAI: India’s markets regulator is likely to tighten rules for stocks to be eligible for derivatives trading and ask brokers and mutual funds to stop enlisting unregistered financial influencers for their marketing campaigns, two sources with direct knowledge of the matter say.
These steps, aimed at preventing market manipulation following the explosive growth in trading of complex financial instruments, are likely to come at the Securities and Exchange Board of India’s board meeting tomorrow, said the sources, who declined to be named as they are not authorised to speak to the media.
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