SEBI to Investors: Don't Follow Social Media Trading Gurus
What Happened
Markets regulator SEBI has warned investors against relying on "live trading" or "real-time trading" tips shared on social media platforms. The regulator said many such sessions may involve unregistered investment advisory services and misuse of live market data.
Key Takeaways
SEBI advised investors to deal only with SEBI-registered intermediaries and avoid making investment decisions based on tips from self-proclaimed market experts on social media.