New Delhi, Nov. 6 -- The market watchdog, the Securities and Exchange Board of India (Sebi), announced on Thursday that it has contacted leading social media and internet search platforms, urging them to implement stronger measures to curb the misuse of their networks for fraudulent investment-related activities.

The move is part of Sebi's efforts to combat online investment scams.

The regulator noted in a statement that this initiative aligns with the global call to action issued by the International Organisation of Securities Commissions (IOSCO).

In May, the IOSCO highlighted the critical role of social media platforms in combating online harm and urged them to enhance efforts to reduce the risk of financial harm to investors. The ma...