How to sniff and dodge financial scams and keep your wealth intact

Here are some tools that will help you detect a scam from a mile away and avoid touching one even with a 10-foot barge pole

Ponzi schemes. Photo: iStock
Web Exclusive Premium

Photo: iStock

Sanjay Kumar Singh New Delhi
Two cases are currently in the news in which it seems like a large number of investors may lose their hard-earned money. One is the case of Mumbai-based Anugrah Stock & Broker, which seems to have promised its clients an assured return. It used their money to trade in the futures and options (F&O) segment and sustained losses there. The other case is of a Kerala-based entity that collected money from depositors promising them very high rates of return. That scheme has collapsed. Both these schemes are currently under investigation.   

Safeguard yourself against brokers’ shenanigans

The Securities and Exchange Board of

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Sep 11 2020 | 6:46 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com