The Securities and Exchange Board of India in its press release dated 14th October 2020, has cautioned investors against unsolicited investment tips with respect to listed companies.
SEBI has advised investors not to rely on unsolicited stock tips/investment advice that is circulated through bulk SMS, websites, and social media platforms and the investors shall exercise appropriate due diligence before dealing in the securities market. Such messages are sent to investors and general public usually recommending to deal in specific stocks of listed companies, indicating target prices and giving fraudulent, misleading information relating to listed companies, inducing them to deal in these stocks.
The circulation of such misleading messages is not only detrimental to the interest of the investors but also adversely affects the integrity of the securities market.
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