SEBI cautions against fraudulent activities on social media platforms in the wake of growing number of frauds emerging on these platforms.
SEBI stresses the importance of dealing only with SEBI-registered intermediaries and using authentic trading apps while investing.
Fraudsters use platforms like YouTube, Facebook, Instagram, Twitter, WhatsApp, Telegram, Google Play Store, and Apple Store to lure investors with misleading trading calls and false promises of guaranteed returns.
SEBI advises investors to exercise caution, verify the genuineness of SEBI registered entities' social media handles, and report details of unregistered entities or platforms offering securities-related advisory services.