In a proactive move to safeguard investor interests, the National Stock Exchange (NSE) of India issued a stern advisory on Friday, cautioning investors about fraudulent schemes promising assured returns on investments in the stock market.
The NSE’s official statement warns investors against subscribing to any scheme or product guaranteeing indicative or assured returns in the stock market, as current regulations deem such activities illegal.
The NSE stated that a Telegram channel named ‘Leverage Consultants’, operating through the mobile number ‘9257674662’, and an individual named ‘Amisha Thakur’, operating via mobile number ‘9366171650’, are “providing securities market tips and assuring returns on investment in the stock market”.
The NSE clarified that neither of these entities holds membership or authorization from any registered member of the National Stock Exchange of India Limited.
Meanwhile, the NSE further urged investors not to disclose their trading credentials, including user IDs and passwords, to anyone.
To facilitate verification, the exchange has provided a dedicated service on its website where investors can verify the credentials and details of registered members and their authorized persons.
The advisory comes amidst rising incidents of financial fraud and unauthorized trading activities targeting unsuspecting investors.
The NSE’s initiative underscores its commitment to ensuring the integrity and safety of the capital markets, urging investors to exercise caution and conduct thorough due diligence before engaging with any investment offers.
For more information and to access the ‘Know/Locate your Stock Broker’ service, investors are encouraged to visit the NSE’s official website at https://www.nseindia.com/invest/find-a-stock-broker.
Meanwhile, investors and stakeholders alike should remain vigilant and report any suspicious activities to the appropriate authorities to prevent financial losses and uphold regulatory compliance in the securities market.
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