SEBI Cautions Investors Against Unauthorised Virtual Trading and Gaming Platforms

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By Taxmann
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Last Updated on 6 November, 2024

PR No. 27/2024; Dated: 04.11.2024

SEBI observed that some apps/web applications/platforms offer virtual trading services, paper trading, or fantasy games to the public based on stock price data of listed companies. Such activities are in violation of the SCRA, 1956, and SEBI Act, 1992, which are laws designed to protect investors. Accordingly, SEBI has cautioned investors against undertaking trading activities via virtual trading or gaming platforms and asked them to deal only through registered intermediaries.

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