Kathmandu. KATHMANDU: The Securities Board of Nepal (SEBON) has decided to take stern action against those spreading misinformation through social networks.

The board has made this provision in its policy and program for the coming fiscal year.

Giving priority to investor safety, the ministry has stated that effective regulatory monitoring and legal actions would be further strengthened against unauthorized investment advisory, misleading publicity, activities affecting the market through social networking sites and financial frauds.

Likewise, the policy and programmes states that the analysis and supervision of information flow by influencers using social media to influence the stock market would be made effective as well as investors would be made aware.