India's SEBI warns investors against trading on unauthorized virtual platforms violating securities laws.

India's Securities and Exchange Board (SEBI) has issued a warning to investors against trading on unauthorized virtual or gaming platforms that use stock price data. These activities violate the Securities Contract (Regulation) Act, 1956, and the SEBI Act, 1992, which protect investors. SEBI advises using only registered intermediaries, as engaging with unregistered platforms may result in a lack of access to investor protection and grievance redressal mechanisms.

November 04, 2024
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