SEBI's Project SUDARSAN flags 20,000 fraudulent posts as 62% of investors are influenced by finfluencers
Tuhin Kanta PandeySecurities and Exchange Board of India

SEBI's Project SUDARSAN flags 20,000 fraudulent posts as 62% of investors are influenced by finfluencers

SEBI's Project SUDARSAN has flagged over 20,000 fraudulent social media posts, highlighting the growing influence of financial influencers, with 62% of investors relying on their advice, according to the regulator's Annual Report 2025-26 and its latest Investor Survey.

livemint.com livemint.com+1 source9 August 2026 · 07:44 UTC
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SEBI's Project SUDARSAN, launched in November 2025, has identified over 20,000 instances of fraudulent content on social media, as detailed in the regulator's Annual Report 2025-26. This initiative underscores the increasing reliance on financial influencers, or finfluencers, with 62% of investors making decisions based on their recommendations.16

Chairman Tuhin Kanta Pandey emphasized the necessity of digital monitoring, stating, "This digital vigilance is further necessitated by our latest Investor Survey, which revealed that 62% of investors are influenced by finfluencers – many of whom operate without accountability or verified performance data." The Investor Survey 2025 also found that 93% of respondents viewed financial influencers as moderately to highly credible, with YouTube being the most popular platform for investment information, cited by 91% of participants.34

Project SUDARSAN employs multimodal artificial intelligence to analyze various content forms, including text, images, and videos, assessing contextual intent and processing regional languages. The system assigns risk scores to suspicious content, enabling SEBI to detect fraudulent practices such as guaranteed returns and unregistered investment advice.8

Additionally, SEBI has implemented R(AI)DAR, an AI-enabled system that reviews advertisements to identify misleading content. Pandey noted, "Sebi has responded to this shift by investing in technology and data analytics as core supervisory tools, ensuring that while the market scales, the safety net for the investor scales even faster."5

Key Insight
“The Investor Survey 2025 also found that 93% of respondents consider finfluencers moderately to highly credible, with YouTube the top platform at 91%. SEBI has deployed R(AI)DAR to review ads and uses validated UPI handles to help investors spot legitimate intermediaries.”
CuriousCats studied:
1
livemint.comlivemint.com
“Since its launch in November 2025, SEBI’s Project SUDARSAN has identified more than 20,000 instances of fraudulent content and posts across social media, according to the regulator’s Annual Report 2025-26.”
livemint.com →
2
BW Businessworld
“The Securities and Exchange Board of India (Sebi) is increasingly using artificial intelligence (AI) to identify misleading and fraudulent financial content online as the regulator steps up its surveillance of unregistered financial influencers, or finfluencers.”
BW Businessworld →
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