Daijiworld Media Network - New Delhi

New Delhi, Nov 19: The Securities and Exchange Board of India (SEBI) on Tuesday issued a public advisory urging investors to steer clear of unregistered online bond platforms. The regulator warned that several entities are offering bond investment services without the mandatory approval required under SEBI regulations.

According to SEBI, numerous fintech firms and stockbrokers have been operating as Online Bond Platform Providers (OBPPs) without registering with recognised stock exchanges, a requirement set out in SEBI’s circular dated November 14, 2022. The caution comes after recent media advertisements promising unusually high guaranteed returns, which drew widespread criticism on social media for potentially misleading investors.

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