Angel One warns investors against fraudulent social media groups

Angel One, a fintech firm, has issued a warning about fraudulent groups on social media platforms misusing its name and impersonating its senior executives.

The company has identified unauthorised groups on WhatsApp and Telegram misusing its name, logo, and the identities of its senior executives to deceive the public.

These fraudulent groups falsely claim to represent Angel One and engage in illegal activities. They provide unauthorised securities advice, make unverified claims about returns, and operate without the required SEBI registration.

Angel One emphasised that it has no connection to such groups, fake applications, or unauthorized web links.

In a statement, Angel One

said, “Providing unauthorised investment advice or guaranteeing returns in the securities market is strictly prohibited. Investors must exercise due diligence and verify the authenticity of any communication claiming to be from our organisation.”

Angel One clarified that it does not add customers to unofficial groups, request personal information on messaging platforms, or solicit funds through unauthorised channels.

It urged investors to use only its official platforms and apps, which are available on authorised app stores.

The company encouraged the public to remain vigilant and avoid engaging with entities promising guaranteed returns or soliciting investments through unofficial means.

Any suspicious activities should be reported to law enforcement agencies. Complaints can be filed through the Cybercrime portal (cybercrime.gov.in), the helpline 1930, or at local police stations.

Angel One reaffirmed its commitment to protecting investors’ interests and promoting safe trading practices, urging investors to rely on legitimate sources for all financial decisions.