MUMBAI: It has been brought to the notice of the Exchange that certain individuals are offering assured returns on stock market investments, providing stock tips, and offering to handle investors’ trading accounts by asking them to share their Login ID and password. Investors are advised to exercise caution and refrain from engaging with such individuals or sharing sensitive account credentials to avoid financial risks or fraud.
1. “Elavarasan” has a YouTube channel named “ES Trader”, operating through mobile number “9043734604”
2. “Kunche Surendra Babu” is associated with an entity named “KSBMARKET (OPC) PVT LTD” operating through the mobile number “9705563667” and a Telegram Channel named “ksbmarket1”
The investors are cautioned and advised not to subscribe to any such scheme/product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. It may also be noted that the said person/entity is not registered either as a member or authorized person of any registered member of the National Stock Exchange of India Limited. Exchange has provided a facility of “Know/Locate your Stock Broker” under the link https://www.nseindia.com/invest/find-a-stock-broker on its website, to check the details of the registered member and its Authorized Persons. Further, the designated bank accounts named as client bank accounts to receive/pay money from/to investors as disclosed by the trading members to Exchange are also displayed under the said link. Investors are advised to check the details while dealing with any person/entity.
The consolidated list of Press Releases issued by Exchange is available on the NSE website under the link https://www.nseindia.com/invest/advisory-for-investors .
Participation in such prohibited schemes is at investors’ own risk, cost, and consequences as such schemes are neither approved nor endorsed by the Exchange.
The investors may note that for any kind of disputes relating to such prohibited schemes none of the following recourses will be available to investors:
- Benefits of investor protection under Exchange’s Jurisdiction
- Exchange dispute resolution mechanism
- Investor grievance redressal mechanism administered by Exchange
Investors are advised to take note of the above.
