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✯[]Tᴇᴀᴍ Sʏsᴛᴇᴍ Fʀᴇᴇɴᴇᴛ[]✯ Telegram | DID YOU KNOW?
Date: | ✯[]Tᴇᴀᴍ Sʏsᴛᴇᴍ Fʀᴇᴇɴᴇᴛ[]✯
These administrators had built substantial positions in these scrips prior to the circulation of recommendations and offloaded their positions subsequent to rise in price of these scrips, making significant profits at the expense of unsuspecting investors, Sebi noted. This provided opportunity to their linked entities to offload their shares at higher prices and make significant profits at the cost of unsuspecting retail investors. In this regard, Sebi collaborated with the Telecom Regulatory Authority of India (TRAI) to reduce the vulnerability of the securities market to manipulation through misuse of mass communication medium like bulk SMS. The Securities and Exchange Board of India (Sebi) had carried out a similar exercise in 2017 in a matter related to circulation of messages through WhatsApp. Additionally, investors are often instructed to deposit monies into personal bank accounts of individuals who claim to represent a legitimate entity, and/or into an unrelated corporate account. To lend credence and to lure unsuspecting victims, perpetrators usually claim that their entity and/or the investment schemes are approved by financial authorities.
✯[]Tᴇᴀᴍ Sʏsᴛᴇᴍ Fʀᴇᴇɴᴇᴛ[]✯ from AR