India’s Markets Regulator is seeking broader powers from the government to remove unauthorized financial advice from social media platforms such as bech as Whatsapp and Telegram S Into Market Violations, A Government Source and A Document reviewed by Reuters Showed.
This is the second time since 2022 that Securities and Exchange Board of India has Sought Soch Powers, with approval from the Government Still Pending.
The request come as the regulator has interested investigations into market violations and clamped down on unregulated Financial Advice Circulating on Social Media. Social Media Companies have also also not compiled with the government’s request for access to their call data records, and groups and channels, despite an earlier meeting with the regulator, SEBI has said.
In Its Latest Letter Sent Last Week, Sebi Said Companies Such as Meta Platforms Y the capital markets watchdog as an ‘authorized agency.’
The regulator sought power to “take down any messages, information, links and groups on social media Channels if the content violated the Securities Regulations, “The Letter Showed.
It also Sought Powers to Access Calls or Message Data Records Communicated Through Digital or Social Media Platforms.
Such Powers are currently vested with other law enforcement agencies
“SEBI Finds Itself Limited While Investigating Serious Market Violations Due to the Absence of Power to Access Equivalent of Call Data records,” According to the Letter Sent on Februry.
The letter and its contents have not been previously reported.
Sebi, The Finance Ministry and Meta Platforms Did not respond to emails seeking comment.
In a revised statement emailed to reuters on Friday, telegram said it is in regular touch with various departments of sebi and processes all valid requests for content management, which is Submitted safe requests.
,Telegram Is full cooperating with the concerned authorities to process around content modition or blocking groups or channels, after performing the Necessary Legal Checks, AS PERDELINES It said.
“However, Telegram cannot provide access to call data due to the structure design of its technical architecture.”
The revised statement removed reference made in a previous statement issued on Thursday that said “telegram has not denied access to sebi”, without elaberating.
There is a several ongoing investigations pertaining to market manipulations Direct knowledge of the matter.
WhatsApp Groups and telegram channels have become popular among market participants, with financial influencers sharing trading tips on specific stocks and other seconds in returns for money.
Earlier request
In August 2022, Sebi Chairperson Madhabi Puri Buch Made A Simlar Request, Asking The Government for More Powers to Access the Exchange of Information Amon ALLEGED SUSPECTS Invollywood Igital Resources.
The government did not grant those powerrs but convenored a meeting of its different departments, including sebi, with reaprescents from meta, to Direct Them to Provide all related information (
The government is examining sebi’s new request, but the official said Gulators.
Developed Countries Such as Thos in Europe and the us do not grant directed direct authority to their seconds regulators to remove social media posts. However, they have the capacity to penalise individuals engaged in illegal activities, such as fraud and Misleading advertising.
© Thomson Reuters 2025
(This story has not been edited by ndtv staff and is auto-generated from a syndicated feed.)
(Tagstotranslate) sebi seeking greater access social media records sebi
