Sebi cautions investors against social media live trading tips and unregistered advisory services
Sebi has cautioned investors regarding social media accounts offering live trading strategies. These platforms often feature unregistered investment advisory services and real-time stock market tips. Individuals on social media portray themselves as market experts, providing detailed investment analysis. Live market data sharing is restricted by the regulator, except for specific purposes.…
Mumbai, India - The Securities and Exchange Board of India (Sebi) issued a warning to investors on Monday about the dangers of following social media accounts that offer live trading strategies and real-time stock market tips. Sebi cautioned that these sessions may involve unregistered investment advisory services. The regulator reported that individuals on social media are providing real-time strategies and tips on taking positions in the stock market.
These individuals often claim to be experts in the securities market and offer detailed analyses on when to invest, when to exit, and which positions to take on market indices. Some of them claim to be actively trading in real-time while displaying the performance of their trades, patterns they observe based on live data and their expected targets.
Sebi noted that only market price data can be shared for investor education and awareness with a 30-day lag and without monetary incentives.
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