WhatsApp, Telegram Investment Scams Need Heavy-Handed Action: SEBI Chair Pandey
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓SEBI Chairman Tuhin Kanta Pandey said on Wednesday that the regulator will take a tough approach to investment scams on WhatsApp and Telegram.
- ✓“We have to actually stop the malpractices with a heavy hand,” Pandey said.
- ✓SEBI has already flagged many fake groups and introduced tools to protect investors.
Story at a Glance
- Category
- MARKET
- Reported By
- NDTV Profit
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Securities and Exchange Board of India (SEBI) will take a tough approach to malpractice involving WhatsApp and Telegram investment groups, Chairman Tuhin Kanta Pandey said on Wednesday, as the regulator steps up efforts to help investors distinguish genuine market participants from scammers.
“We have to actually stop the malpractices with a heavy hand,” Pandey said during a panel discussion at NDTV Profit Ignite in Mumbai on Wednesday
He warned that scammers use messaging groups to create the impression that their investment recommendations are credible, including by making members appear to endorse claims of exceptional or guaranteed returns.
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NDTV Profit
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