2 months ago
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Securities and Exchange Board of India (SEBI) requested Google to leverage AI to instrumentality down rule-breaking finfluencers, said Chairperson Tuhin Kanta Pandey portion launching the app statement connected 25, March 2026, astatine Mumbai.
The marketplace watchdog launched a ‘tick mark’ successful collaboration with Google which would look adjacent to applications of intermediaries. “The verified badge is being rolled-out implicit apps of registered stockbrokers and Google Play Store. It had already been deployed for implicit 600 specified apps,” said Mr. Pandey portion speaking astatine the event. In owed course, it volition beryllium extended to apps of different registered intermediaries arsenic well, helium added.
90% of investors find fin-fluencers credible, shows SEBI study
While urging different platforms to besides follow the verified badge, helium said that determination were areas that needed enactment wrong the ambit of capitalist protection. Fake apps indispensable beryllium identified and taken down astatine a faster pace, helium said. Further, helium said that downloading apps done links and not from platforms similar Google Play, remains a risk. He said that enactment is underway to curb that hazard too.
Further, Memorandum of Understanding (MoU) betwixt SEBI, Ministry of Electronics and Information Technology(MeITY) and Department of Telecommunication (DoT) are underway to heighten the existent measures to conflict fiscal frauds.
