How to Deal With a Stock Broker Fraud?
Mar 22, 2021
Following are some precautions you must take to avoid Stock broking frauds:
1. Don’t sign blindly: In case you are worried about stockbroker fraud, never sign paperwork blindly
2. Don’t fall for the hype: Do not invest money in something which you are not confident about.
3. Don’t be lured into F&O trap: F&O is a weapon of mass destruction in the stock market as per Warren Buffet.
4. Don’t go for unlicensed sub-brokers: Another issue with normal people is they do not do a background check
5. 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.
