SEBI Warns on Viral Investment Tips, Urges 3 Checks — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- SEBI launched the 'Samajh Se Investing Simple' initiative to warn investors against blindly trusting viral investment advice on social and messaging platforms.
- SEBI advises investors to confirm the SEBI registration status of any financial intermediary before engaging, to avoid fraudulent or unauthorized entities.
- Investors are urged to download trading apps only from official app stores like Google Play and Apple App Store, avoiding APK files or links sent via WhatsApp or email.
- SEBI recommends using its 'Check tool' to verify payment details before making any investment-related transfers to prevent financial fraud.
- SEBI is disseminating these warnings directly to citizens via WhatsApp messages as part of a broader investor awareness campaign.
Why it matters: With rising digital investment frauds, SEBI’s direct outreach via WhatsApp and emphasis on verifiable tools creates a low-barrier defense for millions of retail investors. The move shifts responsibility to individuals but also standardizes safety steps in a landscape where fake tips spread faster than regulatory warnings.
Ask SkimNews
