OPMEMB // 𝐎𝐅𝐂 𝐍𝐒𝐈𝐓𝐄𝐀

OPMEMB // 𝐎𝐅𝐂 𝐍𝐒𝐈𝐓𝐄𝐀

OPMEMB // 𝐎𝐅𝐂 𝐍𝐒𝐈𝐓𝐄𝐀 Telegram | DID YOU KNOW?

In the past, it was noticed that through bulk SMSes, investors were induced to invest in or purchase the stocks of certain listed companies. The SC urges the public to refer to the SC’s I nvestor Alert List before investing. The list contains details of unauthorised websites, investment products, companies and individuals. Members of the public who suspect that they have been approached by unauthorised firms or individuals offering schemes that promise unrealistic returns These entities are reportedly operating nine Telegram channels with more than five million subscribers to whom they were making recommendations on selected listed scrips. Such recommendations induced the investors to deal in the said scrips, thereby creating artificial volume and price rise. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. 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.
OPMEMB // 𝐎𝐅𝐂 𝐍𝐒𝐈𝐓𝐄𝐀 from pl

OPMEMB // 𝐎𝐅𝐂 𝐍𝐒𝐈𝐓𝐄𝐀𝕾hitpost : @nsiteahome
𝕭ot : @ofcnsiteabot
𝕬rchive : @archivensitea
𝕸enfess : @menfessc
𝕸pps : @mppssc

𝕻art of : @sctown

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