ALLANA MANAGEMENT JOURNAL OF RESEARCH, PUNE - Volume 5, Issue 1, January 2015 - June 2015

Pages: 30-35
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ONLINE INVESTMENT FRAUD : NATURE, PEDAGOGY AND REMEDY FOR INVESTORS

Author: Dr. V. M. Dalvadi, Dr, Mayanka Sharma

Category: Information Technology Management

Abstract:

Due to development of technology, online trading through internet and mobile are becoming more common in recent years not only among investors of high net worth but small investors are also attracted towards 915.19 million at the end of Dec-13, registering a growth of 1. 70% over the previous quarter. Total number of internet subscribers is 238.71 million at the end of Dec-13, out of which wired internet subscribers are 18.33 million and wireless intern et subscribers are 220.38 million.online trading. According to Telecom Regulatory Authority of India (TRAI), number of telephone subscribers in India increased from 899.86 million at the end of Sep-13 to

It will be convenient to trade through internet and mobile technology as it offers many benefits to investors like less costly, convenient, trading at real time. But the question is every convenience brings its own inconveniences and troubles along with it. In this paper, an attempt has been made to explore various scams observed in countries on the globe specially United States of America and India in particular. This is explorative study which identifies the nature of various frauds in the real world. This is more or less compilation of various scams attempted to trap the Investors. At the end, tips given by Security Exchange Board (USA) and FBI have been provided so that investors can protect and safeguard their hard-earned money.