<h1>Legal risks for AI-driven retail stock research platform: compliance with SEBI (Investment Advisers) Regulations, consumer protection, data law</h1> A fintech investment platform announced an AI-driven stock research product positioned as a decision-ready research desk for retail investors, claiming integration of algorithmic analysis, inputs from SEBI-registered analysts, and behavioral data from millions of users. Key legal considerations include compliance with securities and advisory regulations (authorization to provide investment advice, marketing of advisory services), accuracy and liability for algorithmic recommendations, consumer protection and advertising claims (e.g., 'first in country'), data protection and consent for user behavioral data, and appropriate disclaimers and risk disclosures for trial and subscription access.