Sebi Warns Against Social Media Securities Frauds

Markets regulator Sebi has issued a warning about the increasing number of fraudulent activities in the securities market, facilitated through various social media platforms. The public is urged to report such activities via Sebi's official portal.

Deceptive Practices on the Rise
With the digital platform usage surge, fraudsters are luring victims with trading advice masked as educational content, using fake testimonials and promises of guaranteed returns.

Common Frauds Identified

Unauthorized investment advisory services, fake Sebi certificates, and fraudulent trading platforms are among the common scams. Sebi highlights the importance of verifying the authenticity of social media accounts claiming to represent registered entities.

Enhanced Security Measures
Sebi introduces a '1600' phone number series for service calls from registered entities, aiming to bolster investor security and reduce fraud risks.