Twitterati rages at Sebi’s proposal

As the deadline nears for public consultation on Sebi’s proposals to curb unauthorised investment tips through social media, some people took to Twitter on Tuesday to criticise the proposed norms announced by the regulator for protecting investors’ interest.

Twitter was abuzz with comments about Sebi’s proposal to ban unauthorised trading tips through SMSes, WhatsApp, Facebook, Twitter, and other social media websites. Even though a large number of users were tweeting about the proposed norms, it was not clear whether or how many of them have officially responded.