Investing In US Stocks From India? Five Risks You Should Know
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓A Rs 100-crore trading fraud involving Bengaluru-based Stockal Securities has exposed risks for Indians investing in US stocks.
- ✓Nearly 30 investors said their shares got liquidated without permission to buy a Chinese company.
- ✓This incident showed that platforms often lack security, leaving many people worried about their overseas assets.
Story at a Glance
- Category
- MARKET
- Reported By
- NDTV Profit
- Reading Speed
- 4 Minute(s)
- Market Focus
- India Economy
The alleged Rs 100-crore trading fraud involving Bengaluru-based fintech platform Stockal Securities has brought the risks of investing in overseas equities through digital platforms into sharp focus.
Nearly 30 Indian investors have alleged that their US stock holdings, including shares of Apple, Nvidia, Amazon and Tesla, were liquidated without their authorisation, with the proceeds used to purchase shares of a thinly traded Chinese company, Zhibao Technology Inc.
The incident, which is under investigation, has raised questions about account security, trade execution, custody of overseas securities and the recourse available to Indian investors when things go wrong.
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NDTV Profit
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