Overview
- Google Play in India is now showing a SEBI verified badge for registered stockbroker apps, a Wednesday launch that already covers about 600 listings.
- The badge checks each app against SEBI’s official registry through an API so users can more easily spot legitimate brokers and avoid look‑alike fakes.
- SEBI says the same verification framework will restrict advertising to verified entities on major platforms such as Google and Meta.
- Regulators cited heavy enforcement activity, including more than 130,000 misleading posts escalated for takedown and about 66 fake trading apps flagged and removed.
- SEBI plans to sign coordination pacts within a month with the IT ministry and is urging other app stores to adopt the label, though risks from sideloaded apps and unclear treatment of offshore CFD platforms still remain.