Securities and Exchange Board of India (SEBI) has issued a press release cautioning investors against impersonation.
SEBI said that it has come to the notice that fraud elements are cheating investors by the name of SEBI. These fraudsters are reported to have sent emails impersonating employees of SEBI/posing as officials /posing as official communication channels of SEBI and offer to help investors to resolve their complaints. Often, investors are made to part with money in the name of processing fee, other fees, etc.
Accordingly, SEBI has cautioned to beware of emails/ any other communication impersonating employees of SEBI and refrain from responding to such emails / communication and Inform the local police or cybercrime authority about such frauds immediately.
Further, SEBI has confirmed that it does not seek money or fees in any form for resolution of complaints. Investors/public are advised to exercise caution and not fall prey to fraudulent emails/communication in the name of SEBI or its officials.