New Delhi, May 25 -- The Securities and Exchange Board of India (Sebi) has recently cracked down on an elaborate stock manipulation scam. The racket involved seven members of the same family who operated as unregistered 'finfluencers'.

Through prominent social media platforms, the group allegedly manipulated small and medium enterprise (SME)-listed equities. They misled retail investors and raked in illegal profits of over Rs.20 crore. This is yet another case that highlights the growing concerns about unregulated, freely available financial advice on various digital platforms.

It also calls for a better understanding of equity investment principles and concepts among new and emerging investors. This knowledge can effectively protect th...