Sebi chief says fake apps a serious threat, urging big tech cos to work with regulators

The broader market is currently experiencing volatility but has seen recent gains. SEBI's focus on investor protection through tech collaboration is a positive long-term development for market integrity.

• •Sebi Chairman Tuhin Kanta Pandey termed fake applications a 'serious threat'.
• •He urged technology firms like Google and Meta to work with financial regulators.
• •The primary goal is investor protection.
• •Risk flag: Implementation challenges in getting global tech giants to fully comply with Indian regulatory requests.
• •Risk flag: The ongoing threat of new and evolving fake applications.