- Key Announcement:
- Sebi has issued a public warning about increasing fraudulent securities market activities on social media platforms (SMPs).
- Investors are urged to report suspicious activity at: https://mi.sebi.gov.in
- Modus Operandi of Fraudsters:
- Fraudsters pose as educational content creators offering trading tips.
- Use of fake testimonials and unrealistic claims of risk-free or guaranteed returns.
- Promotion of unauthorised investment advisory services by impersonating Sebi-registered entities or showing fake registration certificates.
- Common Fraud Tactics:
- Floating fake trading platforms mimicking those of licensed intermediaries.
- Guaranteeing fixed returns, which is prohibited under Sebi regulations.
- Disseminating misleading content to lure individuals into private chat groups for further deception.
- Sebi Guidelines:
- Only Sebi-registered intermediaries are allowed to provide investment advice.
- No entity is permitted to guarantee returns in the securities market.
- Investor Advisory:
- Be cautious of offers that promise quick or guaranteed profits.
- Always verify the credentials of investment advisors or platforms through official Sebi sources.
- Report fraudulent activities directly on Sebi’s market intelligence portal.
