India SEBI Seeks Social Media Powers
Analysis based on 6 articles · First reported Feb 13, 2025 · Last updated Feb 14, 2025
The India — Securities and Exchange Board of India's request for broader powers to regulate social media content and access data could impact the operations of companies like Meta Platforms — WhatsApp and Telegram in India. If granted, these powers could lead to increased scrutiny and potential penalties for financial influencers and market manipulators, potentially improving market integrity.
The India — Securities and Exchange Board of India (SEBI) has requested broader powers from the government of India to regulate financial advice on social media platforms like Meta Platforms — WhatsApp and Telegram. This is the second such request since 2022, as SEBI aims to remove unauthorized financial advice and access call records for investigations into market violations such as front-running and insider trading. Companies like Meta Platforms — WhatsApp and Telegram have denied full access to data, citing current information technology laws and technical limitations. The government of India is examining the request, noting that such powers are typically reserved for serious crimes and would require a broader policy decision affecting all regulators. Developed countries generally do not grant direct authority to securities regulators to remove social media posts but can penalize individuals for illegal activities.
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