Скачать или смотреть खुद को इस Demat Account Fraud से बचाओ 😱😭

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Never Share Your Demat Login Credentials:

It is okay to pay a fee to a SEBI registered Investment adviser to help you out or to get trained by an expert on how to trade, what has to be avoided is sharing your login credentials to your account with any third party.

WHY?
Because once you share your credentials you are exposed to frauds that will look like genuine losses. So now you cannot distinguish between a genuine adviser and a fraud adviser.

HOW?
There are several schemes that such fraudsters use to make it look like a genuine loss in the stock market. One such technique is:
Over 30,000 options contracts are listed on the exchange, but only a fraction of them actively trade, while the rest are illiquid. These options contracts where there is no other trading are used by scammers to place illegitimate trades (buy high and sell low with the same account and in quick succession) which creates a loss in your account and profit in the other trading account. You would assume this is a genuine market loss, but it clearly isn’t.

Apart from the loss, you are now also exposed to regulatory action. Any such trading activity in your account would be looked upon by the income tax department as money laundering (creating losses to avoid taxes or converting white to black money or vice versa). Also, SEBI can ban you for potential Reversal trades.

Prevention Is Better Than Cure, therefore never ever share your login credentials. But in case you have already shared and have faced heavy suspicious losses, then you can even go to the extent of lodging an official complaint with Police apart from contacting the broker's compliance officer.