Stockal Scam: ₹100 Crore Investor Losses Alleged, Who Is Accountable And What Can Investors Do?

A major alleged stock market scam linked to fintech platform Stockal Securities has raised concerns after investors reported unauthorised access to their accounts and losses exceeding ₹100 crore. Nearly 30 investors have alleged that their US stock holdings were liquidated and the money used to buy thinly traded micro-cap stocks. Nachiket Kelkar, Business Today, explains how the platform has responded, the role of SEBI and what affected investors can do. The incident also raises serious questions about cybersecurity, investor protection and the safety of overseas stock investments made through fintech platforms.