New Delhi

Marketsregulator Sebi on Wednesday cautioned investors against buying or selling securities of unlisted public limited companies through unauthorised electronic platforms and websites, warning that such entities are neither recognised nor regulated by the watchdog.

The regulator said it has come across certain online platforms facilitating transactions in unlisted securities of public limited companies, exposing investors to significant risks. In a statement, Sebi reiterated its earlier advisories issued in December 2024 and August 2016, warning investors against conducting transactions or sharing sensitive personal information on such platforms.

The regulator also referred to its previous warnings on unauthorised virtual trading platforms offering paper trading, fantasy games and online platforms dealing in unlisted debt securities.

“Investors are once again cautioned about the risks in conducting any transactions or trading on such electronic platforms or sharing any sensitive personal details on the same, as these platforms are neither authorised nor recognised by Sebi,” the regulator said. Sebi emphasised that only recognised stock exchanges are authorised to provide a platform for fund-raising and trading in securities.