NEWS
SEBI takes action against fake investment advice, removes 1.2 lakh misleading posts; monitoring is being done using AI tools
Market regulator Securities and Exchange Board of India (SEBI) has taken strict action against the spread of false investment advice on social media. Recently, SEBI removed more than 1.2 lakh such posts....
SEBI takes action against fake investment advice...
SEBI Action Against Finfluencers: Market regulator Securities and Exchange Board of India (SEBI) has taken strict action against the spread of false investment advice on social media. Recently, SEBI removed more than 1.2 lakh posts posted by unregistered 'finfluencers' spreading misleading information about the stock market and investments. Let's learn more about this topic...
Statement by SEBI Chairman
Speaking to ANI, SEBI Chairman Tuhin Kant Pandey said that providing investment advice is a matter of serious responsibility. He added that those offering investment advice without SEBI registration are violating regulations.
He said that to provide any kind of investment advice, you must be registered with SEBI. Under these rules, you must follow certain regulations. This clearly outlines the dos and don'ts to protect investors' interests. Furthermore, SEBI is also using artificial intelligence to monitor these matters.
SEBI's eye on misleading information
The Chairman stated that when someone makes false promises in the name of investment, tempts people with the promise of guaranteed returns, or offers advice that could cause harm, SEBI intervenes and takes action.
In such cases, the relevant content is removed. Over 1.2 lakh posts have been removed. Social media platforms are also assisting SEBI in this process.
Sudarshan's AI monitors digital content.
SEBI has developed an artificial intelligence tool called "Sudarshan" to monitor market-related digital content. According to the chairman, this tool can detect audio, video, and written content uploaded in different languages.
It also helps identify whether rules are being violated. This system is playing a crucial role in monitoring and controlling the rapidly spreading information on digital platforms.
