Buy this stock; sell that one. Many social media platforms have groups where stock or mutual fund recommendations are the regular fare. The market regulator has cracked its whip on such illegal activities바카라 웹사이트because any entity that is not registered with the Securities and Exchange Board of India (Sebi) is not allowed to give stock or mutual fund advice, which includes recommendations.
On Wednesday, Sebi cracked down on a stock recommendation scam being conducted on social media applications such as Telegram and Twitter and imposed a fine of Rs 2.84 crore on six individuals involved in the scam.바카라 웹사이트바카라 웹사이트
The market regulator mentioned in its order that these six individuals did not have any registration with Sebi to function in the securities markets as an intermediary but were using social media platforms such as Telegram and Twitter to artificially influence stock prices, to make illegal profits.바카라 웹사이트바카라 웹사이트
In addition, the regulator has banned these six individuals from buying, selling or dealing in securities, either directly or indirectly, until it comes up with further orders related to this scam. These individuals have received an interim order and a show-cause notice under the Securities and Exchange Board of India Act, 1992; Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices Relating to Securities Market) Regulations, 2003; and Securities and Exchange Board of India (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995.바카라 웹사이트
During its investigation, Sebi found that the six accused conducted their activities through a Telegram channel called Intraday Calls-Bull Run Investment Educational Channel, which had 52,000 subscribers바카라 웹사이트as on December 14, 2021.바카라 웹사이트바카라 웹사이트
Sebi mentioned in its order that with growing technological advancement, such scams have been rising. According to바카라 웹사이트Rajesh Keswani,바카라 웹사이트director of public markets at o3 Securities, a capital syndication advice firm, the most important aspect is to increase awareness and ensure that that advice is coming from a genuine source that is registered with Sebi.바카라 웹사이트Here are five ways in which you can protect yourself from falling prey to stock advice from unregulated 'experts'.바카라 웹사이트
1.바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Check Sebi Registration바카라 웹사이트
Before following the guidance of any individual or group, investors should check if they are registered with Sebi or not. Do not follow any guidance from non-Sebi-registered entities in terms of investment. 바카라 웹사이트
2.바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Attend Investor Education Programmes바카라 웹사이트바카라 웹사이트
Sebi, along with various market participants like fund houses, financial planning firms, market investment and wealth management firms regularly carry out educational programmes for retail investors. Usually, these programmes are conducted free of cost. Educate yourself on the fundamentals before investing in any instrument. This will not only make you more aware but also give you the tools to spot bad and unauthorised advice.바카라 웹사이트 바카라 웹사이트
3.바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Get Help From Industry Experts 바카라 웹사이트
Every year, many fund houses conduct live sessions with industry experts. Investors can join such sessions, which are usually conducted over a few days, to get better clarification from experts and interact directly with them. Such sessions have been happening virtually for the past two years.바카라 웹사이트 바카라 웹사이트
4.바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Lodge Immediate Complaint 바카라 웹사이트
If any investor feels that he/she is not getting proper information related to investment or suspects that the advisor is not genuine, Sebi has various mechanisms where individuals can lodge complaints. The regulator also carries out constant surveillance to curb down such fraudulent activities. 바카라 웹사이트
5.바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트바카라 웹사이트Follow Genuine Advisors
Various market-related organisations such as the Association of Mutual Funds in India (Amfi) often publish advertisements with detailed guidance on investment. Following those can help investors and protect them from stock recommendation scams.바카라 웹사이트
There are many self-styled market analysts or market experts peddling snake oil. Proceed only after checking if they are genuine and Sebi-registered.
