NSE alerts investors to be cautious with individuals and entities promising assured returns

New Delhi: The National Stock Exchange (NSE) released a warning alerting investors against specific people and organisations that are guaranteeing assured profits on stock market investments. It advised traders to not subscribe to any such scheme/product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as it is prohibited by law.

According to the NSE, 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 assured returns on investment in the stock market"

"It may also be noted that the said person/entity is not registered either as a member or authorised person of any registered member of the National Stock Exchange of India Limited," said the NSE.

Investors were also cautioned by the stock exchange not to divulge their trading credentials, including passwords or user IDs, to third parties.

"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 authorised persons," it mentioned. IANS