SEBI said that it does not offer any investment advise or recommend products to investors
Capital market regulator SEBI (Securities and Exchange Board of India) has warned investors not to be misled by telephone calls by a person offering investment advise posing as a SEBI official.
In a notice on Thursday, SEBI said that it does not offer any investment advise or recommend products/ schemes or seeks any personal information of investors.
SEBI advised investors not to entertain such calls, and verify the details of such purported official from its Web site.
SEBI put out the notice pursuant to news reports of fraudulent telephone calls being made to individuals/ investors in the name of the regulatory officials giving advice on financial products.