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SEBI Advisory on Social Media Securities Frauds: Tips

22 April 20251 min read
BANKING & FINANCESEBI Advisory onSocial MediaSecurities Frauds:Tips22 April 2025safalsetu.com

Why in the news

SEBI issued an advisory on fake advisors and trading apps spread through social media.

Scam tactics

  • Impersonation with forged registration papers.
  • Dormant apps repurposed as trading platforms.
  • Promises of insider tips or guaranteed returns, as in pump-and-dump schemes.

Safety tips

  • Verify registration numbers on SEBI’s official site.
  • Avoid transfers outside SEBI-registered brokers; beware pressure to act fast.

After a fraud

  • Report on cybercrime.gov.in or to police; file on SCORES; inform NSE or BSE.
  • Alert your bank or UPI provider, and dial 1930.

Test yourself

1. Which helpline number should be dialled to start freezing a fraudster's recipient account after cyber fraud, as per SEBI's advisory?

Dialling 1930 initiates freezing of the recipient's account.

2. On which SEBI portal can investors file a complaint about securities market fraud?

The advisory points investors to SEBI's SCORES portal.

3. According to SEBI's advisory, SEBI-registered entities use which official number series for calls?

Registered entities use the '1600' series, not generic mobile numbers.

This topic is part of Daily Current Affairs 21 & 22 April 2025 (24 topics).

All topics of the dayDay quizApril 2025

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