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

SEBI said in its statement that a number of fintech firms and stockbrokers have been operating as Online Bond Platform Providers (OBPPs) without securing registration from recognised stock exchanges, a requirement outlined in the regulator’s circular dated November 14, 2022.

The caution follows a spate of newspaper advertisements promising unusually high guaranteed returns, promotions that have drawn sharp criticism on social media for misleading the public.

SEBI noted that unregistered platforms operate without regu

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