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Last Updated : Mar 24, 2020 05:56 PM IST

MCX IPF cautions investors against unregistered financial advisors

Gullible investors have lost huge sums of money, beguiled by these fraudulent, unscrupulous, and unregistered financial advisors

Moneycontrol Brand Connect

If a financial advisor is promising you quick bucks, offering just one product and not giving any information about the risks involved, it is too good to be true.

Gullible investors have lost huge sums of money, beguiled by these fraudulent, unscrupulous, and unregistered financial advisors. The way out! Check the credentials of financial advisors and deal with SEBI-registered ones.

To inform about such advisors, MCX IPF has come up with an interesting animated series,‘A Monk Who Trades’, where a monk is educating people on the dos and don’ts of investing.

For instance, in this video, the monk draws parallels about the pitfalls of not dealing with registered intermediaries—be it in buying a gas regulator or  a investment decision through unregistered advisors. Check the details of the SEBI-registered intermediaries on www.mcxindia.com and the SEBI website, www.sebi.gov.in.

Likewise, MCX IPF has produced a number of animated videos to inform, educate and spread awareness.

Stay tuned for more.

 

*This is a partnered post
First Published on Mar 23, 2020 02:52 pm

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