SEBI can now order removal of unlawful market-related content from digital space

Stock market regulator Securities & Exchange Board of India (SEBI) can ask a social media platform to take down any misleading or false securities-related information posted by a finfluencer or any other entity. The Finance Ministry has notified SEBI as a designated authority under the Information Technology rules. Raj Ramachandran, Partner-JSA Advocates & Solicitors, said now SEBI can issue directions to intermediaries to remove or disable access in relation to content that violates laws governing the securities market including where the content relates to misleading financial advice, unregulated investment information, fraudulent trading schemes, or misinformation capable of affecting the securities market. Read more