IPO allotment fraud: Fraudsters impersonating UBS Group, duping people; how to avoid stock market scams

Stock market scam: Preying on your greed for more money, fraudsters are impersonating UBS Group AG and its subsidiaries USB Securities India and UBS Business Solutions (India) to lure people into investing in fraudulent schemes promising high return. UBS Group through a public notice informed that they do not resort to such activities and it is a fraud.