Indian regulator seeks to remove unauthorized financial advice on social media
the Indian government news and a document show that the Indian market regulator is seeking greater powers from the government to delete unauthorized financial advice from social media platforms such as WhatsApp and Telegram, and to obtain their call records to investigate market misconduct. This is the second time since 2022 that the Securities and Exchange Board of India has sought such powers, which have not yet been approved by the government. At the time of this request, the Securities and Exchange Board of India is intensifying its investigation into market misconduct and cracking down on unregulated financial advice circulating on social media. The Securities and Exchange Board of India stated that despite earlier meetings with regulators, social media companies have not complied with government requests to access their call data records, groups, and channels.
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