The market regulator Securities and Exchange Board of India (SEBI) announced that all SEBI registered entities have to use the ‘1600’ phone number series. This move is to strengthen investor protection and address economic fraud. It is for those who make service and transactional voice calls to their current customers. This move aims to reinforce investor security by reduce the risks of fraud done.
Why 1600 phone number series implement on SEBI registered entities
By implementing the ‘1600’ number series, investors will find it easier to know and take calls from SEBI-regulated entities. It reduce risks of financial scams. Department of Telecommunications in an X post informed about current SEBI’s decision. DoT wrote, “Identify calls and protect your investments. Report suspected fraud to Sanchar Saathi or name 1930 in case of financial loss.”
SEBI stated, “All regulated/registered entities are advised to best use the ‘1600’ phone number series only for service and transactional voice calls to their current clients.”
The regulator has aware buyers to stay alert and report any unsolicited business communications (UCC) or suspicious activities. For cases of spam or UCC, investors can file a Do Not Disturb (DND) complaint. They can filled complaint through their telecom service company’s app or website.
SEBI Commitment to safe financial world
In cases of suspected fraud, traders need to file the state of affairs to the Chakshu Platform of the Department of Telecommunications. If a fraud has already taken area, SEBI registered entities must be reported to the Cyber Crime Helpline at 1930 or by official website. This initiative reflects SEBI’s commitment to fostering a safer financial ecosystem for traders.
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