ESMA cautions that retail investors should not base their investment decisions on information from social media

In a statement on Wednesday, the European Securities and Markets Authority (ESMA) said that retail investors should be careful to make investment decisions based only on information from social media and unregulated platforms, as reported by Reuters.

Organizing or executing coordinated strategies to trade under certain conditions to move the price of a share could constitute market manipulation“, has added the ESMA.

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