New Delhi, May 8 -- The Securities and Exchange Board of India (SEBI)'s General Manager has cautioned investors to verify and validate intermediaries before making payments or downloading market-related applications, while stressing that the capital market will play a key role in achieving the vision of Viksit Bharat.

Addressing the PHD Chamber of Commerce and Industry (PHDCCI)'s 8th Annual Convention on Capital Market & Commodity Market, Gyanendra Niraj, General Manager, SEBI, highlighted the regulator's recently launched "SEBI Check" initiative and asked investors to remain cautious against fraudulent links and fake applications.

"The initiative that SEBI had taken two to three months ago... only in the last week we have launched 'Pro...