The Securities and Exchange Board of India (SEBI) on February 26, 2026, has warned investors about fraudsters offering “account handling” services. These people pose as expert fund managers or PMS providers and promise risk-free profits if investors let them operate their demat/trading accounts.
They typically:
o Ask investors to share trading account login credentials.
o Execute trades themselves and show examples of large profits.
o Take a percentage of profits but do not share losses.
SEBI clarifies these operators are not registered and are outside its regulatory oversight.
Investor advice:
o Do not share trading account credentials with anyone.
o Deal only with SEBI-registered intermediaries.
o Verify registration status on SEBI’s official website.
o Use only authentic trading apps of registered entities.
The warning aims to help investors avoid scams and trade safely in the securities market.
[PR No.14/2026]
