The regulator said it had received information that messages containing stock tips and other investment advice with respect to selected listed companies are being widely circulated through websites and social media platforms such as Telegram, Facebook, WhatsApp and Instagram. 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. I want a secure messaging app, should I use Telegram? Sebi said data, emails and other documents are being retrieved from the seized devices and detailed investigation is in progress. In 2018, Russia banned Telegram although it reversed the prohibition two years later.
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