SEBI Asks Social Media and Search Firms to Curb Investment Scams
Why in the news
SEBI stepped up action against online investment scams, matching IOSCO’s global call for stricter online protection.
Key facts
- Ask to platforms: robust verification and monitoring; fast implementation for India.
- Advertisers: restricted to SEBI-registered entities.
- App stores: a special badge or label for genuine trading apps.
Other protections
- UPI verification: confirm that a QR code used to pay an intermediary is legitimate.
- SEBI’s official portal shows whether an app or intermediary is registered with SEBI.
Exam angle
- Regulator: SEBI; global body: IOSCO.
- Tools: UPI QR check app; portal checks of registration.