Sebi widens probe into investment scams via WhatsApp, SMSes

Jun 06 2014, 14:50 IST
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Two individuals were caught allegedly offering unauthorised 'trading tips' through SMS and WhatsApp messages. Two individuals were caught allegedly offering unauthorised 'trading tips' through SMS and WhatsApp messages.
SummaryCertain entities have been offering trading tips through SMS and WhatsApp to lure investors.
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such activities or any other unregistered activity in the securities market.

They have also been asked to immediately withdraw and remove all advertisements, brochures, documents, websites, among others, in relation to their investment advisory or any unregistered activity in the securities market.

At the same time, Sebi has also cautioned "investors to take their informed investment decisions without being influenced by such messages and advices and to deal with only intermediaries registered with Sebi".

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