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Anonymous
Earlier last month, SGX Regulation alerted the public to possible market misconduct activities that exploit Telegram chat groups where investment strategy is discussed. Link here - https://www.sgx.com/media-centre/20201210-sgx-r...
Anyone here came across such Tele channels so that we can all be aware of them and not be exploited overselves?
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Musyaffaq
04 Jan 2021
Business Studies Graduate at Ngee Ann Poly
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I think no need to know what exact group these are, but knowing the tell tale signs of such group.
1) a big group of ālike-minded investorsā
2) one leader who tell others to buy at certain price and sell at certain price
Actually I see a lot of these in InvestingNote, where they ask people to join their telegram group so they can ādiscussā about certain stocks. But idk sia I feel itās similar to this pump and dump where they buy together in big volume.
So better not to do your trades in big groups, cos Iām pretty sure itās manipulating the price and illegal.