SEBI stands for Securities and Exchange Board of India.. This is a government organization that monitors investments, stock market to protect investors from huge risks. SEBI is responsile to make sure every deal and contract is fair and transparent in the process of buying and selling the shares. It also works towards stopping fraud, like insider trading or price manipulation. Recently, in the last few months SEBI deleted over 70k posts on Social Media for promoting misleading financial advice.
SEBI has taken a significant action against the misleading and untrue infortmation that has been circulated in the social media. SInce october 2024, SEBI has deleted 70 thousand posts and accounts on social media that are promoting unauthorised misleading financial advices and promises. SEBI’s motive is not just to delete the posts and accounts that are comitting fraud, but also regulate online financial influencers and protect public from the financial scams and frauds.
There have been many posts, reels and ads being posted on social media by many accounts. These posts or ads offer free online trading courses, or investments with zero percent risk returns. There are also many promotions from financial influencers about the apps and portals to invest without risk.
SEBI is now working closely with social media platforms to monitor the content. To make sure that no unauthorised or misleading financial information that would harm investors.
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SEBI whole-time member Ananth Narayan highlighted the efforts to stop financial fraud. While speaking at the Association of Registered Investment Advisors (ARIA) summit. He said, “A common worry for all of us is the menace of unregistered investment advisors/research analysts who are cashing in on the rising interest in investment”.
Narayan also highlighted a feature ‘Payright’ to fact check before investing. “The increasing interest in investments has also led to a rise in unregistered investment advisors and research analysts who misguide investors,” Narayan explained.
Narayan also revealed about SEBI planning to conduct a nation wide survey to understand the investor behavior and expectations to improvise the strategies better. He also highlighted the need for our country to maintain financial stability to develop the country. For this, along with SEBI, every citizen should be honest and ethical without comitting to frauds and scams.
The board of SEBI is going to have its first meeting under new chief Tuhin Kanta Pandey on March 24. Various Key topics on the agenda to discusss include easing disclosure requirements by increasing the threshold limit.
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