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Sebi advisory on unauthorised virtual trading, gaming platforms
The Morning Standard
|November 05, 2024
MARKETS watchdog Securities and Exchange Board (Sebi) has issued an advisory against unauthorised virtual trading, gaming platforms, apps and web applications, which are offering virtual trading services, paper trading and fantasy games to the public based on stock price data of listed companies.
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"Such activities are in violation of Securities Contract (regulation) Act, 1956 and Sebi Act, 1992," Sebi said in a statement on Monday and reiterated that the public can invest and undertake trading in securities markets only through/with registered intermediaries.
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