Sebi Launches ‘SEBI vs SCAM’ to Fight Fraud: Rediff Moneynews
Sebi, along with market bodies, launches ‘SEBI vs SCAM’ campaign to combat financial fraud and protect investors. Learn how to identify and avoid scams.
This unified initiative aims to bolster investor protection and combat financial fraud and scams within the securities market.
“The Securities and Exchange Board of India (Sebi), in collaboration with Market
Infrastructure Institutions (MIIs); NSE, BSE, CDSL, NSDL, MCX, MSEI and NCDEX
and AMFI have launched a joint media campaign titled ‘SEBI vs SCAM’,” the regulator said in a release.
The campaign aims to educate investors on a range of fraudulent practices prevalent in the market.
These include fake trading apps, unregistered investment advice from social media and finfluencers, deepfakes, intermediary impersonation, paid trading courses promising guaranteed returns, and illegal “dabba” and “opinion” trading, it added.
According to Sebi, rhe initiative will focus on sensitising investors to identify red flags, use verification protocols, and follow good digital practices.
It will also promote trusted grievance redressal mechanisms to empower investors to make informed decisions.
The regulator also encouraged investors to “follow the campaign on Sebi’s X
handle, @SEBI_India, and the social media handles of the MIIs and AMFI, using the
hashtag #SEBlvsSCAM.” PTI HG
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