“Chennai advisor (Dark-Baba) attempted to pump Sintex publicly in 2017. The stock collapsed 99% and delisted, hide own sins. Blame others. Sinful act. Advisory hai, Dhanda hai. Ganda hai. I thought so!” — says a tweet by the handle called Unseen Bio on September 20, 2023, on X, formerly Twitter. The stock was pumped and dumped through social media and investor gatherings. But in the comments section some people also defended Dark-Baba saying
Business News›Prime›Markets›Finfluencers are having a hard time amid P&L exposes. Will Sebi regulations put an end to the drama?
Under the lens
Finfluencers are having a hard time amid P&L exposes. Will Sebi regulations put an end to the drama?
Synopsis
PR Sundar’s case has revealed how serious is Sebi about finfluencers doling out investment advisory without requisite registration. But there’s a world of such finfluencers where stock tips on channels such as Telegram are dished out by dozens duping retail investors into risky assets. How are finfluencers reacting to this? Will their unregulated dream run take a halt?
- FONT SIZEAbcSmallAbcMediumAbcLarge
ET
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Get Unlimited Access to The Economic Times
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
