The Securities and Exchange Board of India (Sebi) has issued a warning to investors about fraudsters posing as Sebi officials and using its letterhead, logo, and seal to send fake communications.
“It has come to our notice that fraudsters are sending notices through social media platforms and requesting payments for compliance services or penalties to prevent action by Sebi,” the regulator said, urging people to remain cautious.
According to Sebi, some fraudsters have been forging signatures and letterheads to claim that certain vendor or merchant accounts are under Sebi supervision. These false claims have misled investors into believing the accounts are genuine, causing many to lose their money.
To protect themselves, Sebi has advised investors to verify any enforcement actions directly on its official website. It has also urged people to carefully check the domain name of emails claiming to be from the regulator before taking any action.
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