Beware of Fraudsters Posing as SEBI Officials & Extorting Money to Resolve Complaints
Moneylife Digital Team 14 April 2021
Market regulator Securities and Exchange Board of India (SEBI) has cautioned investors of fraudsters, who are posing as its officers and extorting money under the pretext of resolving grievances. 
 
These fraudsters are already been noticed by the regulator and the market watchdog has warned the investors and the general public against such potential traps. 
 
SEBI has clarified that it does not seek money or fees in any form for resolution of complaints.
 
It says, “Investors have been asked to exercise caution and not fall prey to fraudulent emails or communication in the name of SEBI or its officials. Investors have been advised to inform the local police or cybercrime authority about such frauds immediately.”
 
"These fraudsters are reported to have sent emails impersonating employees of SEBI, posing as officials or posing as official communication channels of SEBI and offer to help investors to resolve their complaints," the market regulator says in a release.
 
SEBI also noted that many times, investors are made to part with money in the name of the processing and other fees. 
 
SEBI has further cautioned investors against such impersonations and further advised them to beware of emails, any other communication impersonating as employees of SEBI and refrain from responding to such emails and communication.
 
"The only official and genuine website of SEBI, where an investor can file her complaint are https://scores.gov.in and members of the public are advised to be careful and not get misled by fake websites with similar addresses, fake logos  or similar-looking domains and email IDs, " SEBI added. 
 
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