The Securities and Exchange Board of India (SEBI) has issued a warning regarding the trading of unlisted shares on unauthorized platforms, advising investors to avoid such activities and the sharing of personal information. In a related development, SEBI has released a draft circular aimed at allowing retail investors to participate in algorithmic trading, with a framework proposed for this purpose. Comments on the draft are sought by January 3, 2025. Additionally, concerns have been raised about brokerages and authorized participants offering illegal dabba-trading applications to bypass SEBI's new futures and options norms. SEBI has also relaxed the International Securities Identification Number (ISIN) restrictions for issuers looking to list debt securities under new regulations.