SEBI alert public against fraudulent calls e-mails etc. about refund of money

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SEBI alert public against fraudulent calls e-mails etc. about refund of money



Securities and Exchange Board of India (SEBI) plays an important role in regulating all the players operating in the Indian capital market. SEBI is a statutory body and a market regulator, which controls the securities market in India. The primary functions of SEBI is to protect the interests of investors in securities and to promote and regulate the securities market.


Securities and Exchange Board of India (SEBI) vide press release no. PR No.22/2022 dated 07th July, 2022 has issued press release regarding “Caution to public against fraudulent calls / e-mails / messages aboutrefund of money”.


Key Highlights:


  1. It has come to the notice of the Securities and Exchange Board of India (SEBI) that unscrupulous individuals are trying to cheat public by holding out as officials of Recovery and Refund Department of SEBI and falsely informing them about refund of money in various cases through phone calls/ e-mails/ messages.


  1. SEBI hereby cautions the public against such false claims of refund and cautions them against parting with any documents / money on such calls / emails/ messages etc.


  1. SEBI does not seek processing fees or money in any form in cases where money are to be refunded as per court order etc.


  1. The public / investors may also note that the employee directory of SEBI and details of refund process initiated by SEBI, if any, are available on SEBI website ( which may be checked on receiving such calls / e-mails / messages.


  1. Sebi warned investors against fraudulent phone calls, emails and messages about refund of money.



Disclaimer:Every effort has been made to avoid errors or omissions in this material. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. In no event the author shall be liable for any direct, indirect, special or incidental damage resulting from or arising out of or in connection with the use of this information.

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