Google to label verified investment apps in India amid regulatory crackdown on fraud

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 Securities and Exchange Board of India said on ‌Wednesday.

Only brokers and ⁠intermediaries ⁠registered with the SEBI, India’s markets regulator, will be allowed to carry ​a verified badge, which will help users distinguish between legitimate platforms and ​fraudulent apps.