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How to Deal With a Stock Broking Fraud?

Frauds are unfortunately a part of any system and therefore, there are various laws in place to combat with such issues. Be it stock market(https://www.edelweiss.in/market) or any other money-making sector, the chances of frauds are always there.<br>This presentation will show you how to deal with stock broking frauds.

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How to Deal With a Stock Broking Fraud?

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  1. How to deal with your broker if they cheated you

  2. Introduction Frauds are unfortunately a part of any system and therefore, there are various laws in place to combat with such issues. Be it stock market or any other money-making sector, the chances of frauds are always there. If you want your stock market investment to stay safe and do not want to fall for such frauds, we suggest you a few simple tips and tricks as we go further. These tips and tricks will very well avoid you from even mistakenly getting trapped with fraudsters.

  3. Precautions to avoid frauds Don’t sign blindly: In case you are worried about stockbroker fraud, never sign paperwork blindly. Your paperwork is proof that you have authorized something on your behalf, voluntarily. Don’t fall for the hype: Do not invest money in something which you are not confident about. Research on your own and only then ask the stockbroker to make a transaction. Don’t be lured into F&O trap: F&O is a weapon of mass destruction in the stock market as per Warren Buffet. Relationship managers will try and lure you with stories of big bucks and overnight profits and lure you into F&O trading. Don’t go for unlicensed sub-brokers: Another issue with normal people is they do not do a background check. You might find unlicensed and unregistered sub-broker somewhere or the other. Make sure you check the license numbers of your prospective brokers on NSE and BSE website, where they are registered Don’t authorize trading: Do not give trading rights to your broker since they can now misuse and make many unauthorized transactions from your trading account. That is the reason why PoA should not be given to your broker.

  4. THANK YOU

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