SEBI has sent the chilling warning that it regards the use of twitter to issue buy and sell recommendations as a “manipulative technique using social media” and that it will crack down on it. A stock adviser who used twitter to promote his subscription service has been fined a massive sum of Rs. 25 lakhs
SEBI’s sleuths are leaving no stone unturned in their bid to eradicate the World of illegal stock advisories. They are monitoring twitter feeds and facebook posts to detect the alleged culprits. One more popular stock advisory has fallen victim to the crackdown by SEBI
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