New Delhi, Oct. 21 -- A promise of quick profits can turn into an expensive lesson for stock market investors. Zerodha co-founder Nithin Kamath has warned investors against blindly following stock tips circulating on WhatsApp, Telegram, SMS and social media, after the Enforcement Directorate (ED) reportedly froze trading accounts holding around Rs.200 crore in an alleged pump-and-dump operation involving two listed companies.

In a post on X on October 20, Kamath cautioned that such schemes could become more frequent as the market cycle progresses. He also flagged the growing influence of social media personalities promoting stocks and IPOs, warning that investors chasing seemingly easy money could face significant losses.

Kamath's warni...