India, Jan. 4 -- Sir,

This is in response to the recent news item titled 'Rs. 4.41 crore trading fraud.' Such reports have become a regular feature in Star of Mysore over the past two years.

I, too, came across a WhatsApp group promoting stock market trading about two years ago. Their modus operandi is to add unsuspecting individuals to a WhatsApp group containing numerous mobile numbers and invite them to attend seminars on technical analysis - a trading methodology used to evaluate investments and identify trading opportunities by analysing historical price data and volume, primarily through charts.

Most of the other members in the WhatsApp group actually belong to the fraud syndicate. They conduct so-called technical analysis traini...