SEBI Cautions Investors Against Fraudulent Stock-Tip WhatsApp Groups

SEBI cautions investors against fraudulent stock-tip WhatsApp groups

“To make these calls look credible, certain members, acting in concert with the operators, post false claims of profit and praise the 'expert'. This practice, known as astroturfing, creates a false impression of genuine support and induces unsuspecting investors to act on the call,” says SEBI

SEBI Warns Investors Against Fraudulent WhatsApp Stock Tips Groups

The Securities and Exchange Board of India (SEBI) on Thursday cautioned investors against fraudulent stock tips and trading recommendations circulated through invitation-only WhatsApp groups, warning that unregistered individuals are posing as market experts to mislead investors through fake profit claims and unauthorised trading calls. SEBI Warns Investors Against Fraudulent WhatsApp Stock Tips Groups.

Sebi warns investors against WhatsApp stock tips. Here's how you can avoid such traps

SEBI has cautioned investors against exclusive WhatsApp groups spreading unauthorised stock tips and fake profit claims. The regulator flagged astroturfing, overseas numbers, replacement groups and suspicious trading apps, urging investors to verify credentials and use registered intermediaries.

Beware of stock tips on fraudulent WhatsApp groups: Sebi warns against ‘astroturfing’

Beware of stock tips on fraudulent WhatsApp groups: Sebi warns against ‘astroturfing’ EXC: Capital market regulator Sebi has warned investors of following tips on investment in stocks that circulate on fraudulent WhatsApp groups. Sebi has said that they indulge in ‘astroturfing’, or fake endorsements and profit claims, to create a false impression of credibility and lure investors.