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Bloomberg Quint

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Image Credit: Bloomberg Quint

SEBI Cautions Public Against Fraudulent Activities On Social Media Platforms

  • 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.

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