Sebi in talks with Google, Apple to flag fake finance apps

Sebi is in discussion with tech giants Google and Apple to add a verification mark on the application of registered intermediaries on their respective app stores amid rising concerns over impersonation and fake applications.

“Suddenly, we are seeing there are a lot of cases where impersonation is taking place. They (impersonators) will create fake apps and fake payment links, and innocent investors are falling prey,” Sebi whole-time member Kamlesh Chandra Varshney said.