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Market regulator Securities and Exchange Board of India (SEBI) has warned investors to be wary of entities offering trading opportunities by claiming to be employees or associates of SEBI-registered foreign portfolio investors (FPIs). According to SEBI, such elements entice investors to trade with the added benefit of FPIs and FIIs, but in reality resident Indian investors get such special rights only in some exceptional cases and that too to a very limited extent, otherwise Indian investors cannot invest or trade in the stock market through the FPI option.
Issuing a press release on Monday, Sebi said it has received several complaints that some fraudulent trading platforms falsely claim that they are affiliated with Sebi-registered foreign portfolio investors (FPIs) and hence are not FPIs or foreign institutional investors (FPIs). FPI). FII) Sub-Special Privilege Accounts can provide trading opportunities to Indian investors. In fact such trading platforms are spreading lies.
According to the list, fraudsters lure people into the stock market through online trading courses, seminars and mentorship programs. They also take advantage of social media platforms like WhatsApp or Telegram as well as live broadcasts to spread lies.
Posing as employees or associates of SEBI registered FPIs, they induce people to download apps that allegedly ask them to buy shares, subscribe to IPOs and leverage institutional accounts. It is also said that all this will happen without the need for an official trading or demat account. Mobile phone numbers registered under fake names are used to commit this crime.
Market regulator Securities and Exchange Board of India (SEBI) has warned investors to be wary of entities offering trading opportunities by claiming to be employees or associates of SEBI-registered foreign portfolio investors (FPIs). According to SEBI, such elements entice investors to trade with the added benefit of FPIs and FIIs, but in reality resident Indian investors get such special rights only in some exceptional cases and that too to a very limited extent, otherwise Indian investors cannot invest or trade in the stock market through the FPI option.
Issuing a press release on Monday, Sebi said it has received several complaints that some fraudulent trading platforms falsely claim that they are affiliated with Sebi-registered foreign portfolio investors (FPIs) and hence are not FPIs or foreign institutional investors (FPIs). FPI). FII) Sub-Special Privilege Accounts can provide trading opportunities to Indian investors. In fact such trading platforms are spreading lies.
According to the list, fraudsters lure people into the stock market through online trading courses, seminars and mentorship programs. They also take advantage of social media platforms like WhatsApp or Telegram as well as live broadcasts to spread lies.
Posing as employees or associates of SEBI registered FPIs, they induce people to download apps that allegedly ask them to buy shares, subscribe to IPOs and leverage institutional accounts. It is also said that all this will happen without the need for an official trading or demat account. Mobile phone numbers registered under fake names are used to commit this crime.