SEBI cautions Investors against unsolicited investment tips
Securities and Exchange Board of India has issued a Press Release which cautions the Investors against unsolicited investment tips.
It has come to the notice of the Capital Market Regulator that unsolicited messages containing stock tips/investment advice with respect to listed companies are increasingly being circulated through bulk SMS, websites and social media platforms like WhatsApp, Telegram, etc.
Such messages are sent to Investors and general public usually recommending to deal in specific stocks of listed companies, indicating target prices. These messages have been giving fraudulent, misleading/false information relating to listed companies, inducing them to dealing these stocks.
It has been informed that such misleading messages are not only detrimental to the interest of the investors but also adversely affects the integrity of the securities market.
Hence, all Investors and the general public have been advised/cautioned not to rely on such unsolicited stock tips/investment advice circulated through bulk SMS, websites and social media platforms. Investors have also been further advised to exercise appropriate due diligence before dealing in the securities market.