SEBI cracks down on deceptive social media content material, removes 70,000 posts, ETCFO
Mumbai, The Securities and Trade Board of India (SEBI) on Friday stated it has taken strict motion in opposition to deceptive content material on social media, eradicating over 70,000 posts and accounts since October 2024.
This transfer is a part of the SEBI’s ongoing efforts to sort out misinformation and regulate on-line monetary influencers.
The market regulator has been working intently with social media platforms to make sure such content material doesn’t mislead traders.
SEBI whole-time member Ananth Narayan highlighted these efforts whereas talking on the Affiliation of Registered Funding Advisors (ARIA) summit right here.
“A typical fear for all of us is the menace of unregistered funding advisors/analysis analysts who’re cashing in on the rising curiosity in investments,” he stated.
He added that the SEBI’s proposal to make use of the UPI ‘Payright’ deal with will allow traders to simply establish registered entities and defend them from fraudsters.
“The growing curiosity in investments has additionally led to an increase in unregistered funding advisors and analysis analysts who misguide traders,” Narayan stated.
To sort out this, the market regulator has launched the UPI ‘Payright’ deal with, which is able to assist traders establish registered entities and keep away from fraud.
Narayan additionally introduced that the SEBI is planning a nationwide survey to higher perceive investor behaviour and enhance its outreach methods.
He emphasised the significance of steady discussions between the SEBI and numerous market members to streamline the roles of funding advisors, mutual fund distributors, and portfolio managers.
On the international funding entrance, Narayan famous that “the current enhance in international portfolio investor (FPI) debt inflows, pushed by India’s inclusion in international debt indices, has improved the funding combine”.
He added that for a growing nation like India, attracting such investments is a optimistic signal, nevertheless it additionally means the nation should keep sturdy financial development, monetary stability, and governance.
“The current development of upper FPI debt flows than fairness (on the again of India’s inclusion into international debt indices) has maybe helped enhance the portfolio combine a little bit bit. For a rising nation like ours, this isn’t a nasty consequence. After all, it places the onus on us to proceed to ship on sustained development, secure macros and governance,” he additional acknowledged.
In the meantime, the SEBI board is about to carry its first assembly below new chief Tuhin Kanta Pandey on March 24. Key subjects on the agenda embody easing disclosure necessities by growing the brink restrict.
The market regulator may additionally introduce a settlement scheme for algorithmic brokers and take into account extending the price assortment interval for analysis analysts.
–IANS
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