In the world of stock trading, where people hope to make quick profits, it’s easy to fall into traps. Danish (name changed) experienced a similar fraud when a broker convinced him to open a trading account, which led to unexpected losses of ₹25,000. Disheartened, Danish lost all hope until the day he came across our […]
The current literacy rate in India is 74.04%, but how many of these individuals are financially literate and know the dos and don’ts of investment? Wondering what led to this question? It’s the alarming number of cybercrime frauds that resulted in a loss of ₹14,000 crores in 2024 alone. Most of these scams are related
A stock broker generates income primarily through brokerage fees and works on enhancing its products, services, and technology to attract more clients. To boost revenue, brokers often provide Relationship Managers (RMs) who guide traders in their trades. But what happens when these team members don’t act ethically? There’s a risk that these RMs may sometimes
Often, when we hear about a cybercrime scam or a scam related to trading, the first thought that comes to mind is that the victim might not have been well-educated or didn’t have enough knowledge of the market, etc. But when we came across news where an Army officer, a Brigadier, fell victim to an
Full-service stock brokers often provide local services through their sub-brokers. But sometimes these sub-brokers charge hefty brokerage and other charges and misguide traders by violating certain SEBI guidelines and regulations. One such incident happened with Mr. Aviraj (name changed). Aviraj was misled by one of the sub-brokers of the renowned brokers and lost ₹17,000. Fortunately,
For years, the National Stock Exchange (NSE) has been eagerly trying to list itself in the stock market, but regulatory hurdles have continuously kept it from moving forward. It all began in 2016 when NSE first filed its DRHP to issue shares, but SEBI rejected the request in 2019 due to the revealed Colocation Scam.
Are you stepping into stock market investment and looking forward to availing proper financial advice from an Investment Advisor? Great! As per the latest data, around 1300 SEBI-registered IAs are supposed to offer one-to-one personalized trading tips & recommendations to clients. But wait, how will you choose the right one for yourself? Isn’t it difficult
Would you ever prefer to get your surgery from the pharmacist? Of course not, as he is eligible only to provide you with the prescribed medicines on the other hand, the surgeon does a proper health checkup and discusses the risk involved and other parameters before surgery. In short, Pharmacists & Surgeons both play a
Will you ever go to a doctor for consultation who had opted for the non-medical field? Or Would you hand over your legal case to a person having no understanding of law & order? Of course not! But SEBI’s new circular has amended a few points through which unqualified people would be eligible to give
Is your trading app authentic? Have you ever been trapped and scammed by a clone trading app? If yes, then don’t waste time and take the right action at the right time. Here is the case of Sunil (name changed) who got scammed through a clone trading app. But his instincts first prevented him from
“Sir, do you trade?” Sanjeev (name changed) received a call from a SEBI-registered RA one day. “Yes, I do,” Sanjeev replied. “Oh, great! Are you profitable?” the RA asked. “Yes, I am. I make around ₹400-500 profit per day,” Sanjeev responded. “That’s nice, but my tips and services can help you grow your daily profit
When you register on any platform, a unique code or ID is assigned to you. But what happens when you find out that someone else has been using your ID for personal gain? Scary, right? Now, imagine how much worse it gets when the ID in question is the SEBI registration number that belongs to
