In the world of online finance and stock trading, many people turn to so-called “experts” for guidance. But what happens when the expert turns out to be a scammer? This is the case of how a YouTuber named Aryan, who presented himself as a stock market guru, lured unsuspecting investors into his web of fraud, […]
Businessmen and individuals with significant capital often rely on Chartered Accountants (CAs) to manage their finances and handle taxation. In doing so, they share highly sensitive personal and financial information with their CA, trusting that it will be handled responsibly. But what happens when that trust is betrayed? Recently, a doctor (let’s call him Shikhar)
Earlier all the shares bought in the stock market were provided in the physical form. Later in 1996 when demat account was introduced, the shares were converted and made available in dematerialized form. But if someone still holds physical shares of the listed company can request dematerialisation of any share in physical format by following
We covered multiple types of scams to create awareness among people. Every other day we come across one or the other unique kind of scam where the objective of the scammer is the same, to loot people’s capital. However, their way of scamming people is getting upgraded day by day. On one hand, many awareness
When the frauds are happening online, the scammers are also getting tech-savvy to approach people. In one of the recent cases we came across, one person created a fake website and impersonated himself as a part of a renowned stockbroker He created a fake website and introduced himself as Raj Oberoi (name changed) and looted
One more Cyber Crime and this time it is not straightforward, as the victim name Abhilash (name changed), got scammed by a so-called fake analyst who somehow accessed his trading account and blew off ₹7 lakh capital. This case left us with so many doubts, as the scammer didn’t charge any fees or profit sharing.
Scams in the name of investment are not taking any pause affecting people both financially & mentally. Sometimes the scammer succeeds in gaining so much trust, that even after getting hints & red-flag, the victim believes his word and follows him blindly. Something similar happened with Yuvraj (name changed). Yuvraj joined stock market classes to
It was 6th August, the day of Mid Cap Expiry. The market opened Gap Down and index opened at ₹80. There was only ₹17,000 in my account but what I saw next shook me completely. I saw 3-opened short positions of Mid-Cap Nifty in my account which was equal to around ₹50,000 How did that
While opening a demat account, what does one look for, brand name, reliability and authenticity. And to get that they generally open an account with the broker that has an identity in the market. Ritesh also did the same and opened an account with one of the top-notch stock brokers. After a few days of
SEBI, the regulator of the market, comes up with rules, plans and services to provide better services to retail traders & investors and at the same time safeguarding their interest. To make it easier for beginner traders, it provides certification & license of Research Analyst & Investment Advisors who can provide trading tips & investment
Learning stock market trade is always a better choice but from where to learn is still a question of concern. Many beginners often lose their capital not only in trading but by buying wrong courses. To understand this, just imagine going to a school where teachers are not themselves trained enough. Instead of teaching they
“Are you looking for a way to grow your wealth without taking on the usual risks? Give me your account to handle. All the losses in trade would be mine, and profit sharing would be 50-50.” Amazing offer, isn’t it? You don’t have to worry about anything and can earn a high profit. If you
