BackSebi working on new norms to curb misuse of social media, says U. K. Sinha
Sebi is planning a new set of regulations to check misuse of social media for 'misguiding investors' with false promises of high returns, says Sinha
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Mumbai: Securities and Exchange Board of India (Sebi) is working on a new set of regulations to check misuse of social and digital media platforms for “misguiding investors" with false promises of high returns, outgoing chief U. K. Sinha said on Monday.
He also took on the activists raising the bogey of “curtailment of freedom of speech" for opposing such restrictions. Earlier, attempts of the capital markets watchdog for putting checks on social media being used to lure gullible investors have been criticised in some quarters.
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Some self-proclaimed analysts have opposed any restrictions on them from airing their ‘views’ on stock markets. Sebi wanted all such analysts to get registered and follow the regulatory guidelines before going public on mass media and social media platforms with their ‘investment tips’.
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