Latest News | Sebi Cautions Investors Against Dealing with Unregulated Platforms Offering Algo Trading

New Delhi, Jun 10 (PTI) Capital markets regulator Sebi on Friday cautioned investors against dealing with unregulated platforms offering algorithmic trading and warned them against sharing sensitive personal details with such businesses.

"These platforms are unregulated and thus there is no investor grievance redressal mechanism covering their activities," Sebi said.

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"Investors are therefore cautioned against dealing with such unregulated platforms and cautioned against sharing any sensitive personal details with such platforms," it added.

The statement comes after Securities and Exchange Board of India (Sebi) noticed that many unregulated platforms are offering investors algorithmic trading services or facilities to automate their trades.

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Strategies are being marketed with "claims" of huge returns on investment along with "ratings" assigned to the strategies and claims that similar returns would be earned in the future.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)