SEBI--Press Release

Press Release No. 4/2024, dtd. 26-2-2024

SEBI Issues Advisory Against Fraudulent Trading Schemes Claiming to be Offered to Indian Residents by FPIs

The Securities and Exchange Board of India (SEBI) has been receiving a number of complaints regarding fraudulent trading platforms which falsely claim or suggest affiliation with SEBI-registered Foreign Portfolio Investors (FPIs) and claiming to offer trading opportunities through FPI or Foreign Institutional Investor (FII) Sub-accounts or Institutional Accounts with special privileges.