“These reports are following the same design template as our official reports and/or infringing our trademarks, thereby, making it tough for the investors to differentiate,” the brokerage said.
ICICIdirect said it is taking necessary action with the help of authorities to trace the origin and take down the reports being posted on select websites. It advised investors to exercise abundant caution in making their investment decisions based on reports, whose origin may be of suspect.
ICICIdirect said its reports are available at no extra cost on its website for its customers and that investors are advised not to trust reports received from unknown and dubious sources.