Don’t get scammed: SEBI warns investors about fake advice on social media

SEBI has yet again cautioned investors against taking advice from social media. According to SEBI, if you take stock-related advice from “social media platforms like Facebook, Telegram, WhatsApp, YouTube, be cautious you can get scammed as the fraudsters have increased their manipulative and fraudulent activities via these platforms.”

The market watchdog in a press release said that it has seen a rise of fraud in securities markets on social media platforms. They try to lure investors or the general public by giving trading calls and promising returns, all of it in the name of education.