Securities and Exchange Board of India (SEBI) on Wednesday, June 17, issued a fresh warning, cautioning investors regarding transactions in unlisted securities of public limited companies conducted through unauthorised electronic platforms and websites.
“Investors are once again cautioned about the risks in conducting any transactions/trading on such electronic platforms or sharing any sensitive personal details on the same, as these platforms are neither authorised nor recognised by Sebi,” the regulator said in a press release.
“…advised the investors against conducting any transactions and sharing sensitive personal details on such platforms. Further, SEBI has also issued Press Releases on unauthorised virtual trading platforms offering virtual trading/paper trading/fantasy games and unregistered online platforms offering unlisted debtsecurities, which inter alia cautioned the public against such activities,” the SEBI stated.
