Sebi alert on market frauds; warns against fake FPI-linked schemes, asks investors to stick to registered platforms
SEBI has issued a warning to investors regarding fraudulent trading schemes promoted on social media and mobile apps. These schemes falsely promise stock market access through FPIs, which is illegal for resident Indians except under specific regulations. Investors are urged to verify entity registration and use only genuine trading apps from SEBI-registered intermediaries.🕒 1 min read
SEBI has issued a warning to investors regarding fraudulent trading schemes promoted on social media and mobile apps. These schemes falsely promise stock market access through FPIs, which is illegal for resident Indians except under specific regulations. Investors are urged to verify entity registration and use only genuine trading apps from SEBI-registered intermediaries.
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