We know of one so called popular site which tries to mix both together, alas the chat site it runs is a pit for scammers, fly by night operators, hustlers and boiler room fraudsters, which could leave "Wolf of the wall street" way behind. I wonder how Martin Scorsese missed out on this site or did he get ideas from it?There is chap who is currently under investigation by certain law enforcement authorities as he claims to be a chartered accountant, company secretary , and a cost works accountant. And openly says he runs an advisory firm , need not say it is a scam, and his qualifications are fraudulent, the site moderator gives him a free run on their famous SBI board.
If you are a novice and you do visit the site to garner information for an investment you will be given many, totally bi polar, some will ask you for money, which they openly canvas for , SEBI needs to take a look at the illegal advisory services going on that site.Others will mislead you, cheat you and some will even abuse you.The operator of the site has a system of RED FLAGGING and a moderator who is biased, corrupt yes the word corrupt as there are agents who can facilitate your return to the board if you happen to get red flagged, albeit for a price.Understandably, there are people who hustle on the board who needs to get back on it to carry on their trade, if the stay away from the board, they loose income.
During weekends it turns into a free for all social networking site where the language and the acrimonious ways of the boarders come into fray.One feels that they are doing this basically to increase the number of visitors to their site and they can arguably charge higher advertising revenue .I did find reputable companies advertising their wares in a site, in which profile pictures displayed were pornographic in nature And people who complained about this were in turn RFD. or red flagged in their parlance, the purveyors of such items roam freely.
They have a team or gang members who lure recruit , people with talks of instant wealth initiate you into a gang culture and given specific tasks to promote their interests in certain companies,they were going under the banner of "88" and now upgraded to "259".They have such control over the activities of the moderator, that they can get you red flagged if you speak against them or question them.Thus ensuring that opposition does not exist.
Now one can ask if the top management and the editor of the site is appraised of, yes is the answer to both questions.If you did then it is an exercise in futility.Money is a powerful motivator, all important profitability is the mantra, rest is expendable. We live in a nation where MK. GANDHI ,S.V. Patel lived, but we have forgotten what they left as their mark. I have personally had a long conversation with the editor of the site,sent data and material pertaining to this topic, alas I believe for all purposes he is appointed for holding discussions with chat members or boarders and writing stories which are of no serious consequence.He has no authority, interest nor the will to clean up the act.
If some have a different view then I would be pleased to read them, but none can match the experience I have had on that site, and it is true.