SEBI has taken note of the increasing number of frauds related to the securities market on various social media platforms. Perpetrators are luring victims with promises of online trading courses, seminars, misleading testimonials, and guaranteed returns.
To address this issue, SEBI has mandated that all registered intermediaries who upload advertisements on social media platforms like Google and Meta must register using their email IDs and mobile numbers registered on the SEBI SI Portal. These platforms will verify the advertisers before allowing them to publish advertisements.
This move aims to curb fraudulent activities in the securities market on social media platforms. The regulator is taking steps to protect investors from falling prey to scams and misleading information. It is important for investors to be cautious and conduct thorough research before making any investment decisions based on information received through social media.
