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ᴄᴜʀʀᴇɴᴛ ᴀꜰꜰᴀɪʀꜱ ᴘᴅꜰ Telegram | DID YOU KNOW?
Date: | ᴄᴜʀʀᴇɴᴛ ᴀꜰꜰᴀɪʀꜱ ᴘᴅꜰ
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. Markets continued to grapple with the economic and corporate earnings implications relating to the Russia-Ukraine conflict. “We have a ton of uncertainty right now,” said Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors. “We’re dealing with a war, we’re dealing with inflation. We don’t know what it means to earnings.” Following this, Sebi, in an order passed in January 2022, established that the administrators of a Telegram channel having a large subscriber base enticed the subscribers to act upon recommendations that were circulated by those administrators on the channel, leading to significant price and volume impact in various scrips. 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. "We as Ukrainians believe that the truth is on our side, whether it's truth that you're proclaiming about the war and everything else, why would you want to hide it?," he said.
ᴄᴜʀʀᴇɴᴛ ᴀꜰꜰᴀɪʀꜱ ᴘᴅꜰ from FR