Mumbai, April 10: The National Stock Exchange of India Limited (NSE) has issued a cautionary advisory to investors and traders against engaging with unauthorised individuals and platforms offering stock market tips and assured returns, highlighting emerging risks from digital and social media channels.
The exchange flagged a case involving an individual identified as ‘Nitin’, who operates a Telegram channel titled ‘Everyday Power Of Stocks’, allegedly providing securities market tips, promising guaranteed returns, and offering account handling services to investors.
In a separate instance, NSE identified ‘Satendra Dubey’, linked to an entity named ‘Wealth Trading’, for allegedly facilitating dabba (illegal) trading through multiple online channels, including a dedicated website, mobile application, and social media platforms such as Facebook and Instagram. The exchange clarified that the individual is not registered as a trading member or an authorised person with any NSE-registered intermediary.
Reinforcing regulatory safeguards, NSE advised investors to avoid schemes promising assured or guaranteed returns, noting that such offerings are prohibited under securities market regulations. It also urged market participants to refrain from sharing sensitive credentials, including trading IDs and passwords, with third parties.
The exchange highlighted that investors can verify the authenticity of brokers and authorised persons through its official ‘Know/Locate Your Stock Broker’ facility.
NSE further warned that participation in unauthorised schemes is undertaken at the investor’s own risk and falls outside the purview of exchange-backed protections, including investor grievance redressal, dispute resolution mechanisms, and investor protection benefits.
The advisory underscores increasing regulatory vigilance amid the proliferation of unverified financial advisory services across digital platforms.
