š¢*Unsolicited Invitations*: They often send unsolicited links to join WhatsApp Groups (such as VIP Groups or Free Trading Courses) to entice prospective clients. š¢*Fake Profiles*: These entities create fraudulent profiles that present them as experts in the securities market. š¢*Impersonation*: Frequently, they impersonate SEBI-registered intermediaries, well-known public figures, celebrities, CEOs, or MDs of established organizations. š¢*Fake Testimonials*: They mislead investors by showcasing fabricated testimonials from group members, claiming substantial profits. As a result, investors are tricked into transferring funds to these entities' bank accounts, with false promises of similar high returns. š¢Given this situation, investors are urged to be cautious and not trust unsolicited messages from unverified individuals, and to avoid joining questionable WhatsApp Groups or Communities. ā Guidelines for Investors*: š¢Engage only with SEBI-registered intermediaries and utilize authentic trading apps. Verify the registration status of entities with SEBI at: [SEBI Registration Verification] (https:// www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognised=yes.html) before making any investments. š¢Conduct transactions solely through the official trading apps of SEBI-registered intermediaries found at: [SEBI Investor Support] (https://investor.sebi.gov.in/Investor-support.html). š¢Investors should only communicate through the genuine social media handles of SEBI-registered entities. š¢SEBI is releasing this statement to alert investors about the widespread fraud and scams perpetrated by unscrupulous entities, and to provide guidance on how to protect themselves while engaging in the securities market through SEBI-registered intermediaries. ā Tips from Research Analyst on Reducing Your Risk of Stock Market Scams via Social Media Platforms: š¢*Step One: * Search for the Research Analyst's name at: [SEBI's official website] (https:// www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=14). š¢*Step Two: * Obtain the email address and phone number of that Research Analyst. š¢*Step Three: * Communicate with the Research Analyst regarding products and services exclusively through the email address provided on the SEBI portal mentioned above. š¢*Step Four: * If the Research Analyst responds from the same email address, you can be assured you are communicating with a genuine SEBI-registered professional. š¢*Step Five: * If they respond from a different email address, disregard the communication, as they may be impersonators attempting to scam you out of your hard-earned savings.
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š¢*Unsolicited Invitations*: They often send unsolicited links to join WhatsApp Groupsā¦
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