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Guidelines for Spotting a Scam
- High returns / Quick Daily Returns: Be suspicious of anyone who guarantees that an investment will give assured/guaranteed/near-certain returns. All securities market related investments carry some degree of risk.
- Unregistered Entities: Most investment scams involve unregistered entities selling investment product/ strategy. Check if entities offering/promoting investment product/strategy are regulated by SEBI.
- False promises of quick high returns: Any investment that provides remarkably high returns regardless of market conditions should raise suspicion.
- Teaching Complex Strategies: Be wary of anyone who credits a highly complex investing technique for their success. Legitimate professionals should be able to explain clearly what they are doing. It is critical that you fully understand the risks associated with the investment.
- Documentation: Check for proper documentation before investing. In addition, it is important to do proper research about the entity offering the investment product and their track record from credible sources.
- Pushy Salesperson: No reputable investment professional should push you to make an immediate decision about an investment, or tell you that you have to "act now". Fraudsters often use high-pressure tactics to push you into making quick investment decisions. Do not take hasty decisions while investing.
* Please Note: product/scheme/strategy are used interchangeably.