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Zerodha warns investors about stock tips from Telegram, WhatsApp and Twitter

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Do you invest in the stock market based on tips from social media platforms such as Telegram, WhatsApp, or even Twitter? If yes, then Zerodha has a special message for investors like you. Zerodha, India's largest brokerage business, resorted to Twitter on Tuesday (April 20) to caution investors about stock advice on social media networks. Zerodha pointed out in a tweet how swindlers utilize pump and dump scams to gain money. According to the trading firm, pump and dumps are one of the oldest stock market scams. Pump and dump schemes are one of the oldest stock market con games. Zerodha tweeted, "In a pump and dump scheme, the operators who own the majority of the shares raise the prices by disseminating messages via SMS and social media, and then dump the shares as the price rises." It added that in a pump and dump, operators who own the majority of the shares change the prices by circulating messages via SMS and social media, and then dump the sha...