SEBI launches verified app label to tackle investment scams
SEBI just launched the Verified App Label; think of it as a blue tick for financial apps.
Starting now, over 600 stockbroker apps registered with SEBI will get a verified badge on the Google Play Store.
The goal? To help you spot genuine investment apps and avoid falling for digital scams, which have been on the rise lately.
SEBI's crackdown on fake apps and ads
SEBI isn't stopping there. It has already flagged around 66 fraudulent trading apps to app stores and escalated more than 130,000 pieces of misleading investment-related content to online platforms for removal.
It is also teaming up with tech giants like Google and Amazon to make sure only legitimate financial services can advertise.
As SEBI Chairman Tuhin Kanta Pandey put it, protecting investors is "a shared responsibility."
Plus, SEBI is working on an integrated investor outreach campaign to promote awareness and build trust as India's digital investing scene keeps growing.