Finance2 sources
SEBI Warns Investors Against Fraudulent WhatsApp Stock Tip Groups
- SEBI has cautioned investors about fraudulent stock-tip WhatsApp groups.
- These groups use astroturfing to create a false impression of genuine support.
- Members post false claims of profit to induce unsuspecting investors.
- SEBI describes this practice as astroturfing.
- The warning aims to protect investors from being misled by these groups.