New Delhi, Nov. 7 -- Nearly 30 Indian retail investors have suffered losses exceeding Rs.100 crore in a suspected trading scam involving Bengaluru-headquartered fintech platform Stockal Securities, Moneycontrol reported.

The accounts of users were allegedly accessed without authorisation, following which their US stock portfolios were liquidated.

Stockal Securities is registered with the Securities and Exchange Board of India (SEBI). It enables Indian investors to invest in US-listed stocks, exchange-traded funds (ETFs) and other foreign securities.

The incident took place on October 15, with investors claiming that their holdings in prominent US companies such as Apple, Tesla, Nvidia and Amazon were liquidated and the proceeds were us...