In a critical update from Mumbai, SEBI has sounded the alarm on a dangerous new wave of investment scams targeting unsuspecting traders. Fake notices claiming unpaid Securities Transaction Tax (STT) are flooding inboxes, complete with forged SEBI branding and threats of legal action under outdated regulations.
These con artists are getting bolder, replicating official documents to extract money from panicked investors. But SEBI wants everyone to know: it never sends STT demand notices. That’s the broker’s job, handled seamlessly during every transaction per the 2004 Finance Act.
Adding to the peril are shady operators posing as elite PMS providers or fund gurus. They dangle promises of guaranteed returns on your Demat account, backing claims with doctored screenshots of other clients’ supposed windfalls.
Don’t fall for it. SEBI’s official communications come only from @sebi.gov.in domains, with full transparency on their website for any enforcement matters. Stick to authorized payment portals for any legitimate dues.
Scammers are now mimicking SEBI officers, complete with phony email signatures and office details. The message is clear: verify first, act later.
SEBI advises transacting solely with registered brokers and apps. A quick check on the regulator’s site confirms legitimacy.
Enter ‘SEBI Check’ – the latest tool in your arsenal. Scan a QR code or input banking info to instantly validate an intermediary’s UPI or account details.
As markets boom, so do the crooks. SEBI’s timely intervention aims to empower investors, ensuring a safer trading ecosystem where knowledge trumps deception.