Business

National Stock Exchange Issues Advisory Against Fraudulent Investment Schemes

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.

Also Read: Zepto Raises $665 Million At $3.6 Billion Valuation, Eyes Rapid Expansion

Mankrit Kaur

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

34 mins ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

54 mins ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

2 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

2 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

3 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

3 hours ago