Exclusive: SEBI raids unregistered investment advisors in Ahmedabad, Mehsana; finds manipulation via social media platform Telegram
SEBI has conducted a search and seizure operations after nearly four years at two places in Gujarat – Ahmedabad and Mehsana. The operation was carried out on companies who ran their channel on social media platform Telegram. The followers of these companies followed tips given by these companies
Market watchdog found that the admins or advisors of these apps created their positions and as soon as the followers of these groups followed the recommendations, they squared-off their positions