Sebi Intensifies Action Against Cyber Fraud, Seeks State Support
The Securities and Exchange Board of India (Sebi) is intensifying efforts against rising cyber frauds affecting investors, seeking collaboration from state governments to enhance awareness and training. Chairman Tuhin Kanta Pandey highlighted the alarming increase in scams on social media platforms, where fraudsters impersonate experts to mislead investors. Sebi is actively monitoring and addressing misleading content, while stock exchanges are directed to take stringent actions against unauthorized schemes. This proactive stance aims to safeguard investor interests and maintain market integrity amidst a growing challenge posed by cybercriminals.