SEBI cautions public against fake letters demanding fines, information
This story was originally published at 17:33 IST on 4 June 2025
Register to read our real-time news.Informist, Wednesday, Jun. 4, 2025
--SEBI cautions public on fake SEBI letters fraudulently seeking fines
--SEBI asks public to verify documents claimed to be from SEBI officials
NEW DELHI – The Securities and Exchange Board of India said Wednesday it has come across cases of individuals receiving communications where imposters posing as SEBI officials are using fake letterheads, logos, and seals of the market regulator. SEBI urged the public to exercise caution and to verify the authenticity of any communication that they might deem to have received from the market regulator.
Some of these cases involved imposters using social media platforms, demanding payment of fines to prevent action being taken against the receiver or asking for information, SEBI said in a press release. In some cases, the sender issued fake certificates of use of third-party vendor accounts or where the sender has forged sale certifications to show that he was a buyer of property of PACL Ltd., SEBI said.
The PACL case refers to a collective investment scheme scam that transpired more than 10 years ago, where a committee appointed by the regulator, under the direction of the Supreme Court order, is paying claims of investors in a staggered manner through the proceeds from the sale of properties of PACL.
According to the regulator, the receivers of SEBI communication, such as letters, show-cause notices, summons, and others, can check if there is a unique document identification number, and if there is such a number, to check its authenticity from SEBI's website. Also, all orders and recovery certificates issued by SEBI are available on the website, the market regulator said.
Reported by Rajesh Gajra
Edited by Saji George Titus
For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.
Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.
Informist Media Tel +91 (11) 4220-1000
Send comments to feedback@informistmedia.com
© Informist Media Pvt. Ltd. 2025. All rights reserved.
To read more please subscribe
Share this Story:
