Multiple reports say regulators are examining stock influencers who issue public trading guidance. The story focuses on whether such creators are properly registered with India’s market regulator, SEBI. Under SEBI rules, a person or entity generally needs to be registered if it is in the business of providing investment-related recommendations such as “buy,” “sell,” or “hold” calls, along with related outputs including price targets and trading calls (including intraday calls). The coverage notes that an audit or review of 16 influencers who give stock recommendations found that only two are registered with SEBI. The remaining influencers were not registered, despite providing guidance that could be interpreted as actionable market recommendations. The reports present registration as a compliance requirement intended to ensure that those offering such advice meet regulatory standards. The story does not attribute wrongdoing to any specific individual beyond the registration status issue, and it frames the matter as a regulatory compliance review triggered by the practice of influencers giving trading calls publicly.