SEBI Update - Caution to Investors regarding display of Live trading strategies on Social Media Platforms

SEBI has issued this Press Release to caution investors about ‘live trading strategies/real-time strategies’ being offered on Social Media Platforms and to urge them to be vigilant when carrying out transactions in the securities market. It has come to the notice of SEBI that certain persons on social media platforms are offering ‘live trading strategies/ real-time strategies’ to provide real time tips on taking positions in the stock market. It has been observed that these live trading sessions are being viewed by a substantial number of viewers and live chats are also enabled beside the session where unregistered advisory services are being exchanged. These persons portray themselves as experts in the securities market, provide detailed analysis of when to invest, when to exit, strategies to be followed and the positions to be taken on market indices. Some of these persons claim that they trade real-time while showcasing the performance of their trades, patterns that the market is forming based on live data and the target expected to be reached. In view of the above, investors are advised to not trust claims of such persons and not to take their investment decisions on such live trading sessions, and to deal only with SEBI-registered intermediaries.