SEBI steps up measures against SMS, social media scams

 Concerned over a spurt in investment scams perpetrated through SMS, WhatasApp and social media, stock market regulator SEBI has beefed up surveillance on such platforms. It is seeking greater cooperation from the mobile and internet service providers, as well as banks, to nail the culprits. The market trading activities have seen a major upsurge in recent months, but the positive environment is also leading to many fundamentally weak stocks generating interest



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