The Securities and Exchange Board of India (SEBI) has taken action against three online bond platforms—altGraaf, Tap Invest, and Stable Investments—banning them from selling securities. This order, issued on November 18, aims to protect public investors from risks associated with unregulated financial activities.

SEBI found that these platforms were promoting and selling unlisted non-convertible debentures (NCDs) to retail investors without proper authorization. The regulator emphasized the need for further investigation into whether these platforms were collaborating with issuers inappropriately.

This crackdown highlights the ongoing scrutiny of unregulated financial entities and emphasizes the importance of investor protection in the evolving market landscape.