Sebi questions LinkedIn about breach of private placement norms in funding

LinkedIn has said that it is not involved in any securities markets-related activities

LinkedIn Corp has been asked by the Securities and Exchange Board of India (Sebi) whether its business- and employment-oriented social networking service provides people and start-ups with a platform to publicly raise money in violation of the Companies Act, Livemint reported on Friday citing two sources aware of the development. 

In its response to Sebi, LinkedIn said that it was not involved in any securities markets-related activities. 

According to the financial daily's report, LinkedIn hosts various angel investors and funding groups, like “Startups and Entrepreneurs Get Funded” (62,396 members) and “Global Investment Network” (44,005 members), which claim