Nitin Kamath, Co-Founder and Chief Executive Officer, Seroda, cautions demat account holders against sharing their login details with others. Nitin says that if the trading account is not kept safe, the information in the trading account of the clients in the institutions including Seroda may be leaked. He has given some suggestions on the need to maintain trading account information.
∙ Investors get scammed when they give their login details to others; Fraudsters can create artificial losses with the help of penny stocks when investing like this.”
∙ Trading account information should be kept confidential just like bank account information is kept confidential.
Accounts are hacked through phishing scams.
∙Enter login details only on official websites and apps
∙ Do not share your account details on WhatsApp and Telegram with strangers who offer high returns to attract investors”
∙ Fraudsters can steal the email, banking and trading passwords of those who share this information.
∙ 2 factor authentication passwords are insecure and increase the risk of fraud.
English Summary: Demat Account Holders Should Beware about Trading Account Frauds