SEBI introduces PaRRVA:
The Securities and Exchange Board of India (SEBI) has launched PaRRVA (Past Risk and Return Verification Agency) — a new verification mechanism aimed at authenticating the past performance claims made by SEBI-registered market intermediaries.Developed in collaboration with Care Ratings and the National Stock Exchange (NSE), PaRRVA was rolled out as a pilot project on December 8, 2025, and marks a strategic move to counter the growing influence of unverified investment advice and misleading content—especially by online finfluencers.PaRRVA is designed to verify the past returns and associated risks claimed by,Registered investment advisers,Research analysts,Algorithmic trading service providers.
