Demat Daka: Trading account fraud! How hackers are replacing value stocks with penny shares, Anil Singhvi says explains; suggests ways to avoid such frauds
Demat Daka: Trading account fraud! How hackers are replacing value stocks with penny shares, Anil Singhvi says explains; suggests ways to avoid such frauds
Zee Business investigation: In a special show aimed at creating awareness among stock market investors, Zee Business Managing Editor Anil Singhvi explains how scamsters are wiping out your fund by making just a call. He says be it big brokers, market experts or retail investors or traders, none has been spared by these fraudsters who call in disguise of your broker often.
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Retired government employees or tech-savvy IT professionals all have fallen prey to this trading: Anil Singhvi speaks to some victims in Zee Business Investigation on Demat Daka
Hackers ask OTP to update KYC after making you believe that they are your broker and that's how they steal your money.
Hackers are replacing good stocks with penny stocks. They also sell your shares in many cases. Neither you, nor your broker at fault, but fraudsters find their ways to defraud you- Anil Singvi
They take advantage of apps, such as any caller, and make you believe that they are your broker and make you divulge your key information related to your trading account
No matter how tech savvy you are, demat account fraudsters are finding ways to steal their hard-earned money. Many similar cases have been reported lately
Zee Business investigation came after many traders and investigators reported Zee Business that unauthorized trading is being carried out in their accounts- Anil Singhvi
How safe is your trading account? Have you fallen prey to fraudsters, who claimed to be your sock broker, only to wipe out your fund later.
Zee Business Managing Editor Anil Singhvi urges each viewer, investor, and trader to must watch this show as it is one of the biggest investigations so far done by the Zee Business team.
The show that starts at 10.30 am today, Tuesday, is aimed at helping each market participant help prevent such fraud. Singhvi says as a business news channel and a team of journalists, we can only apprise and bring any scam and issue before people. We also aim to address them in a way that could be beneficial for viewers and audience.
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