If you can't catch 'em, join their Signal groups first, feels Sebi
Mint Mumbai|May 23, 2023
Markets regulator Securities and Exchange Board of India (Sebi) is using the oldest trick in policing book to catch new-age crooks on encrypted messaging platforms, said two people with direct knowledge of the matter.
Pavan Burugula
If you can't catch 'em, join their Signal groups first, feels Sebi

The illegal tip market that used to work on SMS and voice calls has over the years shifted entirely to secured platforms like Telegram and Signal due to enhanced surveillance. Now, Sebi cannot gain access to chats on such encrypted platforms since these platforms do not share any information with regulators.

In order to overcome this hurdle, Sebi, through some proxies, has started joining these groups to keep tabs on the tips being shared. While some of these stock tip groups are free for anyone to join, there are others which charge as much as 20,000 as membership fees.

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