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SEBI cracks whip on Telegram, WhatsApp group that illegally inflated stock prices: Here’s how they did it

The SEBI investigated a Telegram channel called “bullrun2017”/” Bull Run Investment Educational Channel,” which as on December 14, 2021, had 51,980 subscribers. The channel was claimed to be run by a team of research analysts with a combined experience of 40 years and who were in the process of getting SEBI registration.

The channel provided recommendations to its subscribers for trading in both cash as well as derivatives segments, for both intra-day as well as positional trades. The recommendations issued with respect to the cash segment were majorly focused on small cap scrips.

Source: Barandbench

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