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Indian regulators seek to remove unauthorized financial advice from social media

India's market regulator is seeking greater powers from the government to remove unauthorised financial advice from social media platforms such as WhatsApp and Telegram and obtain their call logs to investigate market irregularities, government sources and a document show. This is the second time the Securities and Exchange Board of India has sought such powers since 2022 and has not yet received approval from the government. The request comes as the Securities and Exchange Board of India is ramping up its investigations into market irregularities and cracking down on unregulated financial advice circulating on social media. Despite earlier meetings with regulators, social media companies have also failed to comply with government requests to access their call data logs, groups and channels, the SEC said.