Sebi cautions investors against fraudulent stock-tip WhatsApp groups

Markets regulator Sebi has cautioned investors against fraudulent WhatsApp stock-tip groups that use 'astroturfing'–fake endorsements and profit claims–to create a false impression of credibility and lure investors. In a statement, Sebi said certain unregistered persons were offering stock recommendations to investors through invitation-only WhatsApp groups in the name of free investor education. The operators of these fraudulent groups often use overseas WhatsApp numbers posing as market expert