SEBI vs SCAM: Safeguarding Investors from Financial Fraud
SEBI has initiated the 'SEBI vs SCAM' campaign in collaboration with financial organizations to combat fraud and educate investors. The drive highlights market scams and fosters awareness, helping investors identify and mitigate financial risks effectively.
- Country:
- India
The Securities and Exchange Board of India (SEBI) unveiled an ambitious campaign on Thursday to curb financial malpractices and enhance investor protection in the securities market. Named 'SEBI vs SCAM,' the initiative is a joint effort with Market Infrastructure Institutions (MIIs) and the Association of Mutual Funds in India (AMFI).
This initiative is aimed at fortifying investor protection against various prevalent market scams, including fake trading applications, unauthorized investment advice from social media, finfluencers, deepfakes, impersonation by intermediaries, and illegitimate trading activities.
SEBI emphasized the importance of this campaign to educate investors on recognizing warning signs and adopting safe digital practices. The regulator also urged investors to engage with the campaign on social media through the official SEBI and MII handles, while following the hashtag #SEBlvsSCAM for updates.
(With inputs from agencies.)
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