Ban on trading tips through Whatsapp: Sebi at the receiving end of social media flak

Stock market watchdog Sebi was at the receiving end of social media flak on Tuesday

Stock market watchdog Securities and Exchange Board of India (Sebi) was at the receiving end of social media flak on Tuesday. Sebi had proposed to ban unauthorised trading tips through SMSes, WhatsApp, Twitter, Facebook and other social media platforms, as also games, competitions and leagues relating to the securities market. With #Sebigoback and #Sebikidadagiri as trending hashtags, netizens protested Sebi’s move to curb stock tips. “Since the issue has been raised nearly a month after Sebi made the proposals and considering the profile of those tweeting abuse, one wonders if these are genuine protests or robotics at play,” quipped an official.