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News on Medial
We have issues if finfluencers cross freedom of speech line: Buch
Money Control
·
1y ago
Medial
SEBI Chairperson Madhabi Puri Buch mentioned that the market regulator, in its recent consultation paper, acknowledged the importance of freedom of speech. However, she emphasized that if financial influencers were to overstep the boundaries by engaging in enticement, it would not be acceptable. She further stated that a fintech platform that lures individuals into financial losses should inherently recognize the ethical wrongdoing involved.
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Compliance should be like low hum in every company's background: Sebi's Madhabi Puri Buch
Money Control
·
10m ago
Medial
Securities and Exchange Board of India (Sebi) Chairman Madhabi Puri Buch emphasized the goal of making compliance a seamless part of every company's operations, similar to breathing, during her speech at the Global Fintech Fest in Mumbai. Buch stated that the regulator's aim is to have regulations act as a background hum, allowing entrepreneurs and the economy to thrive while staying in compliance.
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Substack's Nazi problem isn't about speech — it's about money
Business Insider
·
1y ago
Medial
Substack's founder has made the decision not to remove white supremacist and Nazi blogs from the platform, despite criticism. The platform is reportedly profiting from these blogs, as some have paying subscribers. While some Substack writers have signed a letter supporting the decision as freedom of speech, the issue at hand is whether customers are comfortable with a company that makes money from Nazi content. The article argues that Substack's reluctance to demonetize these blogs and address content moderation could become a business problem if the revenue from extremist content increases.
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Malaysia to warn TikTok, Meta over alleged blocking of pro-Palestinian content
Economic Times
·
1y ago
Medial
Malaysia's communications regulator plans to issue a warning to social media platforms TikTok and Meta (formerly known as Facebook) for allegedly blocking pro-Palestinian content. The country's communications minister, Fahmi Fadzil, stated that if the issue is ignored, he will take a firm approach. He added that Malaysians have the right to freedom of speech regarding the Palestinian cause and that their rights should not be infringed upon. TikTok and Meta have not yet responded to these allegations. This comes after previous concerns about TikTok's compliance with Malaysian laws and its handling of defamatory or misleading content.
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DOJ lawsuit against Apple is headline grabber with limited near-term impact
TechCrunch
·
1y ago
Medial
The U.S. Department of Justice has filed a lawsuit against Apple, accusing the company of engaging in anti-competitive practices. The allegations include claims that Apple prevents competitors from accessing certain iPhone features and that its actions impact freedom of speech through Apple TV+. However, even if the DOJ proves these allegations, it is unlikely that Apple will face significant changes anytime soon. Similar lawsuits have taken several years to reach trial and resolution. Analysts suggest that any potential impact on Apple's finances or iPhone franchise would be limited.
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Musk vouches to 'fight for max freedom of speech under law' on X
Economic Times
·
1y ago
Medial
Elon Musk has stated that his social media company, X (formerly Twitter), will uphold maximum freedom of speech under the law. Musk made this claim in response to allegations that X is complying with requests from German prosecutors to identify users in hate speech cases. He stated that X's policy worldwide is to fight for freedom of speech and that anyone who does not adhere to this principle can join other social media companies that prioritize profit over principles. Musk's company also recently filed a lawsuit against a California law requiring social media platforms to disclose moderation practices, arguing that it violates their right to free speech.
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SEBI doesn’t return IPO document if it lacks correct voice: Buch
Inshorts
·
11m ago
Medial
SEBI Chairperson Madhabi Puri Buch said she was “amused” when she heard a market participant say SEBI can return an IPO document if it has been drafted in an incorrect voice (active/passive). Giving examples of actual reasons why SEBI may return IPO document, Buch said director of applicant company may be under investigation for fraud in a previous IPO.
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Single filing with exchange to be reality very soon: SEBI chief
YourStory
·
10m ago
Medial
SEBI Chief, Madhabi Puri Buch, has announced that listed companies will soon be able to automatically upload a single disclosure on one stock exchange to another. This follows recent proposed changes by SEBI in relation to disclosure and listing requirements. Buch also mentioned the possibility of allowing investors to start SIP (Systematic Investment Plan) for as little as Rs 250 per month. She refrained from commenting on REITs, but discussed regulations simplifying such entities. Other topics covered in her speech included multi-language IPO documents, inclusion, and the importance of technology in the markets.
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Several US regulators seek information from Kazakh fintech Freedom
Economic Times
·
1y ago
Medial
Several US regulators are seeking information from Kazakhstan-based fintech firm Freedom Holding, though no charges have been filed against the company. The US Department of Justice and Securities and Exchange Commission counsel are reportedly investigating Freedom Holding over compliance issues, insider stock moves, and an offshore affiliate linked to sanctioned individuals. Freedom Holding expressed confidence in its ability to explain its actions to regulators and asserts that its actions were legal. The SEC and the Department of Justice have not commented on the existence of an investigation.
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"Something needs to change": Elon Musk questions X's ban in China after TikTok ban reversal
Economic Times
·
5m ago
Medial
Tesla CEO Elon Musk praised President-elect Trump’s decision not to ban TikTok, citing freedom of speech. He noted the imbalance that TikTok operates in the US while X is banned in China, calling for change. Despite a potential benefit to X, Musk opposed TikTok's US ban. Trump agreed to approve TikTok if the US owns 50% to save American jobs. The Chinese app thanked Trump for restoring US access, attributing positive outcomes to the "Trump Effect."
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Meta, TikTok report jump in Malaysia govt requests to remove content in 2023
Economic Times
·
1y ago
Medial
In the first half of 2023, Facebook-owned Meta and TikTok restricted a record number of social media posts and accounts in Malaysia, according to data published by the companies. The Malaysian government has faced accusations of backpedaling on promises to protect freedom of speech, which it denies. Meta restricted about 3,100 pages and posts on its platforms, six times higher than the previous period. Meanwhile, TikTok received 340 requests from the Malaysian government, resulting in the removal or restriction of 815 posts and accounts. The government's actions have raised concerns about stifling free speech.
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