SEBI Warns Investors Against Fake STT Notices and Unregistered Account Handlers

The Securities and Exchange Board of India (SEBI) has warned investors about fake notices demanding Securities Transaction Tax (STT) payments, which fraudsters circulate using forged SEBI letterheads. SEBI clarified that STT is collected by brokers during stock transactions and it does not issue such payment notices or coordinate with the RBI. Additionally, SEBI cautioned against unregistered individuals offering 'account handling' services promising risk-free profits, urging investors to verify registrations and use only SEBI-registered intermediaries.