PANews reported on February 14 that Indian government sources and a document showed that India's market regulator is seeking greater government power to remove unauthorized financial advice from social media platforms such as WhatsApp and Telegram and obtain their call records to investigate market violations. This is the second time the Securities and Exchange Board of India has sought such powers since 2022, and it has not yet been approved by the government. The request came as the Securities and Exchange Board of India is stepping up its investigation into market violations and cracking down on unregulated financial advice circulating on social media. The Securities and Exchange Board of India said that despite earlier meetings with regulators, social media companies also did not comply with the government's request to access their call data records, groups and channels.
Indian regulator seeks to remove unauthorized financial advice on social media
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Author: PA一线
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