News

Financial Fraud Alert: Unearthing a big financial fraud, capital market regulator SEBI on Wednesday cautioned the public against certain individuals illegally using its official letter head, logo and seal to demand penalty levies while pretending to be its officials. The market watchdog came across instances wherein the sender issued falsely created notices through social media to make the demands. 

SEBI came across certain instances wherein the "sender issued notices through Social Media Platforms asking for payment of fine to prevent SEBI from taking action against the recipient, sender forged Sale Certificate to show that he was a buyer of PACL property, sender issued fake Certificate of use of third party vendor account".

Cautioning against such fraud, SEBI urged the public to exercise caution upon receiving any communication seemingly from its side.

The market regulator enables users to verify all its communication through its portal, sebi.gov.in. 

SEBI stated the following while urging the public to check the authenticity of any communication seemingly from its side, in order to avoid falling prey to such fraudulent activities: 

SEBI has urged investors and the public at large to verify all communication using the above channels and tools through its portal, in order to prevent falling prey to any fraudulent activity. 

"Investors are advised to be vigilant while dealing with communication/senders demanding information or payment" on SEBI's behalf, it noted. 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

LATEST NEWSBy accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.