Do you take investment tips via Telegram Channels? 🤔

Do you take investment tips via Telegram Channels? 🤔

Do you take investment tips via Telegram Channels? 🤔

– Sebi (the securities regulator of India) crackdown on fake Telegram channels;
– Rs 5.7 crore penalty on 3 entities for ‘pump & dump’ stock tips
– The channel had 49,000 subscribers.

What happened?
– Sebi noted that the Telegram channel administrators bought stocks for themselves,
– then recommended them to followers to ‘buy’ those, and
– then sold the same at higher prices, making enormous illegal profits.

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Submitted by Anilkumar on, August 8, 2023 - 13:21

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