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The Securities and Exchange Board of India will investigate possible leak of company earnings in social media chatrooms, its chief Ajay Tyagi said on Friday.
A Reuters investigation documented at least 12 cases of prescient messages about major Indian companies being posted in private WhatsApp groups.
“We will certainly investigate the issue. It is a work in progress,” Tyagi, SEBI Chairman, told Reuters, when asked what action the regulator was considering.
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