This social media platform providers will follow the advertiser of the SEBI registered mediators, after which the intermediaries will be allowed to upload or publish the advertisement on this platform.
All SEBI registered intermediaries who want to upload/publish ads on these platforms will have to update their contact details in the mediator database on the SEBI C portal by April 30, 2025, said in a media release published by the Regulator.
Investors have said that they have seen a rapid increase in fraud related to the securities market on various social media platforms (SMPSs), where these fraud criminals are promised to provide a Pain Nine Trading course, seminars, promise or risk -free compensation.
SMP in question There are YouTube, Facebook, Instagram, WhatsApp, X (formerly Twitter), Telegram, Google Play Store, Apple Pal Store etc.
Living events
Sebi is taking steps to report the rising risk to investors in digital space. Recently, he warned investors against electronic platforms and websites that are facilitating transactions in public limited companies. He recommended investors to join them.
Sebi said any engagement with uncontrolled entities is a violation of SEBI rules.
In the SEBI release issued in December, investors are advised not to deal with such an electronic platform or share the same sensitive personal details not authorized or recognized by SEBI.
Meanwhile, the exchanges NSE and BSE are also warning investors to be careful with fraudulent elements.
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