Stock market frauds on the rise: 6 ways to protect yourself
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Even as online stock market frauds have become commonplace now, investors and traders are advised to remain vigilant of potential threats and scams that target unsuspecting individuals through various tactics and leaving victims financially drained. With the growing threat market regulator Securities and Exchange Board of India (Sebi) and stock exchanges including NSE have been warning investors of fraudulent entities and persons who scam people through digital means and social media platforms. Investors can mitigate these risks by following these 6 important tips: No to unsolicited offers : Investors should remain vigilant and treat all the unsolicited investment advice or promises of exorbitant returns with skepticism. The unsolicited tip could come via emails, messages, phone calls or through social media platforms. Go for legitimate investment firms : Investors should look for legitimate investment firms and do background checks to fi...