SEBI advises investors to avoid scams and fake applications like double returns

New Delhi, October 18 (IANS). Market regulators SEBI and NSE have advised investors to avoid double and quick returns and fake applications. 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 was said that fake apps may look similar to real ones for investors, but the risks on these fake apps are real. The market regulator says that if you use any trading application for guaranteed returns, it is necessary that this application should be authentic. As for fake trading apps, it has been said that such apps first try to assure them of guaranteed and high returns to trap the customers. After this, scammers trick the users by making them download fake apps. SEBI and NSE advise investors to download applications only from the verified application 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 said that investors can be cheated by the tips of any investment guru to double their money. Investors will be asked to claim offers for such transactions. 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 only take advice from SEBI registered investment advisors and pay 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 said that the securities markets are the growth engine of our country and it is our responsibility to ensure that this engine operates 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 cautious. –IANS SKT/ Share this story Tags