Negative impactEconomy
'In fake world, people are losing tonnes of money': SEBI chief Tuhin Kanta Pandey on WhatsApp, Telegram investment scams
Mint 1 hr ago·29 Oct 2026, 10:51 am
SEBI chief Tuhin Kanta Pandey warned that fraudsters are using WhatsApp and Telegram to lure investors with false promises, leading to significant losses. He said the scams mimic legitimate market communications, making it hard for retail investors to spot them.
To curb the problem, SEBI rolled out a verification tool that lets users confirm whether a bank account, UPI ID or QR code is linked to a regulated market entity. The move aims to give investors a quick way to check authenticity before transferring funds.
Investors should stay cautious, double‑check any unsolicited investment offers, and use the new verification feature. Keep an eye on further SEBI guidelines or enforcement actions, as they could affect how digital channels are used for market outreach.
Excerpt from Mint
SEBI chief Tuhin Kanta Pandey warned against investment scams on WhatsApp and Telegram, saying people are losing money to misleading promises. SEBI has introduced a tool to verify bank accounts, UPI IDs and QR codes linked to regulated market entities. Securities and Exchange Board of India (SEBI) chairman Tuhin Kanta…Read the original at Mint
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Assessed as a significant, market-relevant update.
Why it matters
A meaningful update worth tracking. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
