Kathmandu: Nepal Stock Exchange (NEPSE) has declared that urging people to trade shares and recommending buy/sell decisions through social media is illegal.
In a press release, NEPSE stated that misleading and unauthorized content related to the stock market—such as stock tips, buy/sell recommendations, fake videos/audios, and false claims—have recently surfaced on social media platforms.
NEPSE clarified that it does not provide any advice to buy or sell shares and urged investors not to follow such rumours.
“NEPSE neither advises anyone to buy or sell securities, nor guarantees returns, nor sets purchase or sale prices,” the statement read, adding, “such materials are entirely misleading and unauthorized.”
In recent times, fake and unauthorized content related to the stock market, stock tips, share trading recommendations, fake videos/audios, and false claims have been circulated in NEPSE’s name across social media. NEPSE appealed to the public not to believe such misleading claims.
“NEPSE publishes information and press notes only through its website and official social media channels. Unauthorized use of NEPSE’s name, creating websites with similar names, developing apps, or forming chat groups in its name are punishable offenses,” the release stated.
NEPSE has also called on investors not to trade based on rumours, hype, unauthorized chat groups, Clubhouse, or Telegram discussions. It further urged the public not to provide personal details on apps, pages, or groups created using NEPSE’s name, logo, or building image, and never to share their passwords with anyone.
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