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SEBI Seeks Power to Curb Social Media Financial Advice

14 February 20251 min read
BANKING & FINANCESEBI Seeks Powerto Curb SocialMedia FinancialAdvice14 February 2025safalsetu.com

Why in the news

SEBI asked for wider authority against unauthorised financial advice on social media.

Key facts

  • Wants to remove misleading messages, links and groups that break securities rules.
  • Seeks call and message data records, as the Tax Department, DRI and ED have.
  • Latest request: February 3, 2025.

Concerns

  • Platforms have not fully honoured earlier data requests.
  • Probes into front running, insider trading and manipulation need social media monitoring.

Exam angle

  • Regulator: SEBI.

Test yourself

1. Which regulator asked for powers to take down misleading financial messages and groups on social media?

SEBI sought power to take down misleading messages, links and groups.

2. Along with the Tax Department and DRI, which agency is cited as having access to call and message records?

SEBI wants access like the Tax Department, DRI and Enforcement Directorate.

3. On which date was SEBI's latest formal request for expanded powers sent?

The latest formal request was sent on February 3, 2025.

This topic is part of Daily Current Affairs 14 February 2025 (10 topics).

All topics of the dayDay quizFebruary 2025

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