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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. However, the perpetrators of such frauds are now adopting new methods and technologies to defraud the investors. In view of this, the regulator has cautioned investors not to rely on such investment tips / advice received through social media platforms. It has also said investors should exercise utmost caution while taking investment decisions while dealing in the securities market. "He has kind of an old-school cyber-libertarian world view where technology is there to set you free," Maréchal said. Such instructions could actually endanger people — citizens receive air strike warnings via smartphone alerts.
from sg