Negative impactCompany
Stockal scam: Nearly 30 Indian investors allege ₹100 crore losses after US stock holdings sold without authorisation
Mint 5 hrs ago·5 Nov 2026, 5:51 pm
Nearly 30 Indian investors have alleged they lost about ₹100 crore after their US stock holdings were sold without their permission. The investors claim their accounts were accessed and their assets liquidated, with the proceeds allegedly moved into concentrated positions in thinly traded Chinese securities. This incident raises serious questions about the security of investment accounts and the potential for unauthorized trading activities.
For investors, this case highlights the critical importance of monitoring account activity and understanding the regulatory framework governing foreign asset management. It underscores the risks associated with third-party platforms and the need for robust security measures to protect personal and financial data.
Moving forward, investors should watch for regulatory investigations and updates on the legal proceedings. It is also advisable to review account permissions and security settings to prevent similar incidents in the future.
Excerpt from Mint
There are several questions unanswered, including how the investors' accounts were accessed, who authorised the bulk liquidation of their US stock holdings and why the proceeds were allegedly channelled into concentrated positions in thinly traded Chinese securities. Nearly 30 retail investors have allegedly lost more…Read the original at Mint
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