Sebi cautions against false investment advice

Sebi cautions against false investment advice
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First Published: Wed, Feb 10 2010. 11 36 PM IST
Updated: Wed, Feb 10 2010. 11 36 PM IST
Mumbai: The Securities and Exchange Board of India on Wednesday issued a caution to investors, advising them to keep away from “misguiding investment advice”.
“Sebi has observed a proliferation of websites that offer investment advice to investors. Many of these websites offer investment advice not backed by any reasonable basis and prima facie appear to be misguiding…the public in general is advised not to fall prey to or be lured by such sources of information promising quick gains and unrealistic high return,” the regulator said in a statement.
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First Published: Wed, Feb 10 2010. 11 36 PM IST
More Topics: Sebi | Investment | Money Matters | Equities |