SEBI chief warns of WhatsApp and Telegram investment scams
In short
SEBI chief Tuhin Kanta Pandey warned that people are losing money in investment scams on WhatsApp and Telegram. He said SEBI has also brought in a tool to check bank accounts, UPI IDs and QR codes linked to regulated market entities.
This matters because investors may use the tool to avoid fake payment links and fraud. The reporting does not say how much money was lost or who ran the scams.
What the reporting says
SEBI chief Tuhin Kanta Pandey warned about investment scams on WhatsApp and Telegram, saying people are losing money to misleading promises. The warning comes from a Mint Money publisher summary and says SEBI has introduced a tool to verify bank accounts, UPI IDs and QR codes linked to regulated market entities. The immediate issue is fraud risk; details of the scam scale are not stated in the available reporting.
Why it matters
SEBI chief Tuhin Kanta Pandey warned investors about WhatsApp and Telegram scams and said people are losing money to misleading promises. The reported SEBI tool is meant to verify bank accounts, UPI IDs and QR codes tied to regulated market entities. The warning points to retail investor fraud risk, but the reporting does not identify the scam operators, the amount lost, or how widely the tool is being used.