A series of raids by India's market regulator, investigating whether corporate announcements were prematurely leaked by market participants in social media chatrooms, were the largest it has conducted. Also read DLF appoints Saurabh Chawla as group CFOBut whether SEBI has legal rights to get into individual social media accounts does not appear to have been established, the lawyers said. They said they were not aware of any explicit law that gives SEBI power to access social media accounts or compel users to provide passwords. The lawyers interviewed by Reuters said defendants would likely counter efforts by SEBI to access their social media accounts on privacy grounds. "Violation of privacy rights is definitely one of the potential challenges SEBI faces," said Vaneesa Agrawal, a former SEBI official who is now a partner at Suvan Law Advisors.

Source: dna December 30, 2017 08:37 UTC