Used to lose millions by giving fake advisory of the stock market, thugs in panic due to police action

Nayeduniya Representative, Dewas. After the police action taken in the name of the stock market in the city two days ago, there is panic among the people engaged in such work. Some have stopped functioning, while some have prepared to change the office.

It is being said that this net has spread during the last ten years. Similar action has been taken in January and in small towns in Mandsaur district including Ujjain and Indore. The police raided 13 places simultaneously two days ago and broke the trap of advisory, then there is a stir among the people doing this secret.

• According to experts, people started work in Dewas on the lines of Indore and the trap of cheating continued. Some continued to save their works due to political patronage. One thing also came to light that people involved in such work do not run the same office for long.
• Many youths first learn some time working in licensed advisory firms for some time. After this, they open their own center and arrange phone data and start work. Four teams are under investigation under the direction of Superintendent of Police Puneet Gehlod regarding the action taken in Dewas.

This is how work is done

• According to experts, people are encouraged to invest in the stock market by opening a demat account from the call centers running in the name of giving advisory tips. With the ID of such investors, the accused themselves traded and grab the amount by showing losses. When there is a benefit, several percent of its commission is deducted.
• People are also lured to earn millions of rupees overnight from the stock market to invest. A loss is shown by investing large funds from many people. The young men and women working at these centers also get commission according to every transaction.

Avoid fraudulently

• According to experts, it is necessary to take some precautions while investing in the stock market. Mainly avoiding registration advisors, not paying money to any investment advisor, not obeying the promise of a certain benefit or not a promise of a certain profit, avoid advertisements in which you have more returns.
• Checking discount offers from investment advisor, not investing on the basis of phone call, etc. are the main precautions that the investor should keep. Registration of investment advisor with SEBI is necessary.