The Securities and Exchanges Board of India (SEBI), has issued an interim order restraining individuals running the website fullonoption.com (now defunct), and companies India Trading Company, Option & M.C.X King, A to Z solution and Fullon Corporation from buying, selling or dealing in the securities market. SEBI says that their actions are, prima facie, fraudulent. Fullonoption.com was promoting stock market schemes via SMS and WhatsApp. Messages being sent to prospective customers included: "My company Indian trading provides tips, 25000 deposit payment profit 30% share. Sir 50000 only investment and 200% sure guarantee call. 1 Re no loss" and "Earn more than 25 to 50 Lakh per month in our Super Jackpot Stock-Mcx- Currency Tips - 9925305293" These messages also carried certain enticing claims such as: (a). total profit Rs 9 lakh in Rs 2 lakh capital; (b). Rs 9 lakh in one month with Rs 50,000/- capital; (c). earn more than Rs 25 lakh to Rs 50 lakh per month in our superjackpot stock – MCX; (d). Profit Rs 8 lakh in Rs 1 lakh capital; (e). Profit Rs 18 lakh in Rs 1 lakh capital. fullonoption.com is no longer active. The companies were using the Gmail email address fulloncorp@gmail.com The individuals against whom action is being taken are Mansoor Rafiq Khanda and Firoz Rafiq Khanda. SEBI has noted that this case is quite similar to that of another operation it had previously taken action against - RightTrade.in, which we had covered here. The individals named in that case were Imtiyaz Hanif Khanda (Right Trade…
