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Better to be safe than sorry

Fake tips on stocks are taking gullible investors for a ride

Business Standard 

on are taking gullible for a ride. are lured into buying shares of little-known companies. It is a welcome sign that the Securities and Exchange Board of India and the Department of Telecommunications (DoT) have decided to take stern action against brokers sending such messages. Brokers found guilty of indulging in this practice should be blacklisted and barred from trading. 

need to be educated; they should cross-check with credible brokers if the message sent has come from a scrupulous Along with and telecom operators should launch a campaign to warn about such messages. should research penny on the internet. A cautious approach is better than believing blindly in such

                          Deendayal M Lulla   Mumbai 
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First Published: Sun, August 13 2017. 22:34 IST