SEBI has noticed an increase in frauds related to securities market on various Social Media Platforms (SMPs) such as YouTube, Facebook, Instagram, X (previously Twitter), WhatsApp, Telegram, Google Play Store, Apple Store etc.
SEBI warning fake trading schemes on social media
The Securities and Exchange Board of India (SEBI) has issued a strong warning to all investors. SEBI has asked everyone to stay alert and not fall for fake trading schemes spreading on YouTube, WhatsApp, Telegram, Instagram, Facebook, and even the Play Store or App Store.
SEBI shared that many fraudsters are using social media to trap people. They pretend to give stock market advice or trading tips in the name of education. These scammers show fake success stories and promise guaranteed profits to win your trust.
In many cases, SEBI has found that these fraudsters are also using fake certificates, claiming to be registered advisors. Some are running unauthorised apps and channels, which look like official SEBI platforms. They are even offering fake IPO discounts, special allocations, and risk-free trading accounts.
Get latest news on Education along with Board Exam, Competitive Exam and Exam Result at shiksha chronicle. Also get latest Job updates on Employment News.
