(Corrects typo in company name in paragraph 1) March 25 (Reuters) – Alphabet’s Google will label verified investment apps on its app store in India, a move aimed at helping users spot legitimate trading platforms and avoid scams, a senior official at the country’s markets regulator Securities and Exchange Board of India said on Wednesday. […]
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Google to label verified investment apps in India amid scam crackdown
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(Corrects typo in company name in paragraph 1)
March 25 (Reuters) – Alphabet’s Google will label verified investment apps on its app store in India, a move aimed at helping users spot legitimate trading platforms and avoid scams, a senior official at the country’s markets regulator Securities and Exchange Board of India said on Wednesday.
The move will allow only brokers and intermediaries registered with SEBI to carry a verified badge, helping users identify legitimate platforms and distinguish them from fraudulent apps posing as them.
(Reporting by Nishit Navin in Bengaluru; Editing by Tasim Zahid)