Battling the social bulls: Internet firms fear overregulation by Sebi

Markets regulator Sebi has proposed regulation of Internet firms to check the spread of misinformation about financial products on social media platforms. Companies, fearing overregulation, are seeing red. In the draft proposal, Sebi also said that social media and other internet platforms should, “to the satisfaction” of the market regulator, have the policy to share securities market-related information and data with it whenever it is sought.