New Delhi, October 18 (IANS). Market regulators SEBI and NSE have advised investors to avoid double and quick returns and fake apps. YouTube videos have been shared by SEBI and NSE for investors in their regional languages.
In a 36-second video shared on the official YouTube channel of NSE India, it has been said that fake apps may seem similar to real ones to investors but the risks on these fake apps are real.
The market regulator says that if you are using any trading app for guaranteed returns, then it is necessary for this app to be authentic. Regarding fake trading apps, it has been said that to trap the customers, such apps first try to assure them of guaranteed and high returns. After this, scammers trick the users by making them download fake apps. SEBI and NSE advise investors to download apps only from the verified apps list on SEBI’s investor site.
Similarly, investors have also been advised to avoid double return scams. In another 40 second video, SEBI and NSE have said that investors can be duped into doubling their money by the tips of any investment guru. Investors will be asked to claim offers for such deals. In this way, unverified groups in the stock market can empty the user’s pocket in one click by sending fake tips.
The market regulator says that take advice only from SEBI-registered investment advisors and make payment only on verified account and UPI ID.
Earlier this month, at the launch of the World Investor Week 2025 event from October 6-12, SEBI chief Tuhin Kant Pandey had said that the securities markets are the growth engine of our country and it is our responsibility to ensure that this engine runs on the strong foundation of transparency and honesty.
He said that digital infrastructure has made the markets much easier for us but it has also equipped scammers with new tools to cheat investors. He advised investors to be more careful.
–IANS
SKT/
