The Bombay Stock Exchange (BSE) on October 21, 2022 has issued Notification to Caution towards dealing with unsolicited videos and messages circulated in Social Media.
The following has been stated namely: -
• A list of scrips has been shortlisted based on the circulation of videos and unusual price/volume movement. This is provided in Annexure I and the surveillance actions will be effective from October 31, 2022.
• Trading members are advised to monitor unusual trading patterns by any of their clients/group of clients.
• Trading members are required to educate their clients/investors advising them to beware of unregistered investment advisors, offering assured returns and seeking trading credentials.
• Any non-compliance in the matter may lead to disciplinary action as deemed fit.
• Exchange has provided a facility to share information or evidence of systemic wrongdoing, potential frauds or unethical behaviour to the Exchange through the anonymous portal on https://www.bseindia.com/investors/tip-off-registration.aspx?expandable=0
[Notification No. 20221021-12]
