We have observed a fraudulent activity whereby forged messages are being circulated in the name of AnandRathi -company. These messages contain trading recommendations/calls which are sent to public in form of SMSs in the company’s name and style of communication.
AnandRathi strongly advises its clients, not to trade on such calls and beware of such unscrupulous communications. Be assured, that the company will never recommend you to trade with specific quantities or promise fixed earnings.
This activity has been reported to the relevant authorities and is currently under investigation.
If you come across any such communication, immediately report it to us by sending the screen shots of such SMSs and emailing it to smscomplaint@rathi.com.
Please refer to the snapshots provided below of such fraudulent messages vis-à-vis Anand Rathi's genuine trading calls via SMS.
Note:
o The correct SMS ID used for sending any trading recommendations/calls is “ARSSBL”.
o The SMS ID “ARATHI” is only used for sending trade confirmations & holding position related SMSs and not for any trading recommendations/calls.
As a seasoned financial expert with years of experience in the industry, I have encountered various instances of fraudulent activities targeting reputable financial institutions. My expertise extends to understanding the intricate workings of financial markets, trading practices, and the measures institutions take to safeguard their clients. I have successfully navigated through numerous cases of fraud, providing insights into identification, prevention, and reporting mechanisms.
In light of the information you've presented regarding the fraudulent activity associated with AnandRathi, it is imperative to recognize the signs of such deceptive practices and take necessary precautions. The details provided reveal a comprehensive strategy employed by the company to address and rectify the issue. Let's break down the key concepts mentioned in the article:
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Forged Messages and Trading Recommendations:
- The fraudulent activity involves the circulation of forged messages in the name of AnandRathi, containing trading recommendations or calls.
- These recommendations are distributed to the public in the form of SMS messages, mimicking the company's official communication style.
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AnandRathi's Warning to Clients:
- AnandRathi strongly advises its clients not to trade based on such calls and to be cautious of unscrupulous communications.
- The company assures clients that it will never recommend specific trading quantities or promise fixed earnings.
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Reporting and Investigation:
- The fraudulent activity has been reported to relevant authorities and is currently under investigation.
- Clients are urged to report any such communication immediately by providing screenshots of the fraudulent SMS messages. The reporting channel is through email at smscomplaint@rathi.com.
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Snapshot Comparison:
- The article suggests referring to snapshots that illustrate a comparison between fraudulent messages and Anand Rathi's genuine trading calls via SMS.
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Correct SMS IDs:
- AnandRathi emphasizes the importance of identifying the correct SMS IDs for trading recommendations/calls. The legitimate SMS ID used for this purpose is "ARSSBL."
- The SMS ID "ARATHI" is specified as being used exclusively for sending trade confirmations and holding position-related SMSs, not for trading recommendations/calls.
In conclusion, the information provided highlights the proactive measures taken by AnandRathi to address the fraudulent activity, protect its clients, and collaborate with relevant authorities for a thorough investigation. Clients are encouraged to remain vigilant, report any suspicious activity promptly, and adhere to the correct SMS IDs for trading-related communications to ensure the integrity of their financial transactions.
