The National Stock Exchange (NSE) issued an advisory on Friday cautioning investors of certain individuals and entities promising assured returns on investment in the stock market.
The exchange said in a statement that 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.
The NSE said that a Telegram channel named 'Leverage Consultants' operating through the mobile number '9257674662' and an individual named 'Amisha Thakur' operating via mobile number '9366171650' -- is "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.
The stock exchange also advised investors not to share their trading credentials, such as user ID/password, with anyone.
"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.
© 2024 IANS. All rights reserved.