Samarth received an unsolicited call from a firm registered with SEBI as a Research Analyst. Representatives showed him profit statements from other clients and ran a live demo before he committed to anything. The service was described to him as a straightforward tips subscription, trade recommendations for a fixed fee. Once he was engaged, the […]
Have you ever wondered why the number of trading and investment scams is rising sharply? The obvious reason is not the lack of knowledge but the greed to earn quick profits. A look at the victim lists reveals that they include graduates, qualified doctors, retired army officers, and more. Among various trading scams, reports of
Debashish was contacted by an individual who presented himself as a SEBI registered Research Analyst, offering to manage his portfolio directly and generate a specific daily profit figure. The arrangement was framed as a profit sharing model, initially set at twenty five percent of gains. That ratio did not stay fixed. Later in the relationship,
Deepak was approached by individuals marketing an automated algo trading tool. They described it in concrete, specific terms: a system that would generate consistent daily profits somewhere between fifty and sixty thousand rupees. He paid ₹1,65,000 for the software. It was linked directly to his trading account and began placing trades automatically, without any further
Jayshree came across an investment advertisement while browsing Facebook. Within a short time of engaging with it, she began receiving phone calls from unknown individuals urging her to invest. By the third call, she was persuaded to transfer an initial amount through Google Pay. Further transfers followed over the coming weeks, made in good faith
Agraj was introduced to a broker’s franchisee through a business contact, who assured him of safe trading and guaranteed profits. He never handed over his login credentials directly. Under sustained pressure and repeated verbal reassurance, he was made to log into his own demat account while she watched. That access became the entry point for
Neha received a call from a representative of a firm registered with SEBI as a Research Analyst. He offered a trial trade to demonstrate the firm’s capability before asking for any commitment. That trial showed a small profit of about a thousand rupees. On the back of that result, she was asked to pay a
Vishal was contacted by individuals claiming to represent a trading firm, each one using a different first name across different calls. They told him they were SEBI approved analysts, a claim that was never true. They described a client base in the tens of thousands and referenced a certification meant to signal credibility. None of
Rajeev Sant (name changed) is from Amravati, Maharashtra. He told the caller upfront that he had no time to manage trades himself. That single detail is exactly what the firm used to sell him a service it was never allowed to provide. Rajeev received an unsolicited call from a representative of a firm registered with
Samir Deshpande (name changed) is from Solapur, Maharashtra. His account did not lose money slowly. It was emptied, refilled, and emptied again, each time on someone else’s instruction. He was first approached by a broker representative who spent about two weeks sending him profit screenshots before persuading him to open an account. He shared his
Arjun Waghmare (name changed) was first contacted by a representative of his broker who pushed him to open a trading account. He was direct about it. He said he was not interested and would not share access or control of any account. Weeks later, a different representative called, introducing himself as Arjun’s relationship manager. This
Kunal(name changed) received an unsolicited call from a representative of a firm registered with SEBI as a Research Analyst. Before he paid anything, he was shown a demo trade on the representative’s own system. That demo showed a profit of about six and a half thousand rupees. No capital of his was ever at risk
