Call data records generally list out the number of conversations between two or more entities and are different from phone-tapping, where an agency can snoop on or record telephonic conversations of those suspected to be engaged in some wrongdoings.
The information about the listed companies is mostly being made through SMSes, WhatsApp and various social media platforms, where names of some established brokerage houses and exchanges are also being misused. While SEBI has already taken action in several such cases so far, it is investigating a number of others involving similar activities, the official said.
The regulator has taken steps against several entities for providing investment advice without registration. These included MCX Biz Solutions, Moneyworld Research and Advisory, Global Mount Money Research and Advisory, GoCapital, CapitalVia Global Research and one Imtiyaz Hanif Khanda and his maternal uncle Vali Mamad Habib Ghaniwala.
Pic Courtesy- Steindia.com
Besides tightening its noose around the scamsters, SEBI has stepped up its investor awareness campaign on these issues. In several latest public notices, SEBI has cautioned the investors against trading on the basis of unsolicited tips received through SMSes, social media, websites and other public media platforms. It also asked the public to deal with only SEBI- registered investment advisors and research analysts and warned the unregistered entities of strict action.
In August, SEBI had got the help from telecom regulator TRAI to curb fraudulent bulk SMSes that entrap gullible investors with stock tips promising huge financial gains.
Last year, SEBI had floated a consultation paper to ban unauthorised trading tips through SMSes, WhatsApp, Twitter, Facebook and other social media platforms, as also games, competitions and leagues relating to the securities market. However, the regulator has yet to put in place a final regulation in this regard.