The NSE has complained to the police.
These channels claim to provide securities market tips and offer to handle trading accounts for investors.
If you invest in the stock market, this is important news for you. The National Stock Exchange (NSE) has warned investors about fraudulent channels on Instagram and Telegram offering investment tips. The NSE also warned against illegal trading services known as Dabba trading. In a recent release, the NSE highlighted an Instagram handle named ‘bse_nse_latest’ and a Telegram channel named ‘BHARAT TRADING YATRA’. These channels claim to provide securities market tips and offer to handle trading accounts for investors.
The NSE also shared mobile numbers used by illegal trading entities. In another release, the exchange mentioned a person named Aditya associated with ‘Bear and Bull Platform’ and ‘Easy Trade’. Aditya provides illegal Dabba trading services. The NSE made public his two mobile numbers: 8485855849 and 9624495573. The exchange stated that Aditya is not a registered member of any authorised NSE member. The NSE has complained to the police.
Previously, on May 30, the NSE issued a press release about two fraudsters claiming to be legitimate brokers. They operate through the mobile number 9977690997. These individuals, named ‘Makhan Prajapati’ and ‘Rakesh Sharma’, claim to be associated with an entity named ‘Choice Broking’. They offer securities market tips and ask investors to share their login ID and password.
In another release, the NSE identified the mobile number 9112569388. They warned users not to accept securities market tips from a person named Kuldeep Valiya. Kuldeep claims to be associated with ‘R K Global Shares & Securities Limited.’
The NSE clarified that while Choice Equity Broking Private Limited and R K Global Shares & Securities Limited are registered trading members of the exchange, the individuals mentioned are not associated with them.
India has reclaimed its position as the fourth-largest global equity market from Hong Kong.
Investors should be cautious and verify the authenticity of sources offering trading tips. Always rely on registered and authorised entities for investment advice.
