NSE issues investor protection warning

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NSE Investor Protection Warning

Highlights

The National Stock Exchange of India has issued a warning about the guaranteed return scheme promoted by Raj Trader and the INTRADAY NIFTY CALLS Telegram channel.
NSE clarified that the concerned individual or entity is not its registered member and that asking investors to share their login ID and password is unsafe.
The exchange stated that investors will not receive regulatory protection or dispute resolution benefits in such prohibited schemes, and all risks will be borne by them.

This article was translated from the original. Read the original version by our correspondent here.

Scope of the Warning and Alleged Activities

As NSE India reports on behalf of the National Stock Exchange of India, an individual or entity named “Raj Trader” is offering assured or guaranteed returns to investors in the stock market via mobile number 7073740439 and a Telegram channel called “INTRADAY NIFTY CALLS.” The exchange said this entity is also asking investors to share their Login ID and Password, and is providing account handling services.

The exchange advised investors to stay away from any scheme or product that claims indicative, assured, or guaranteed returns in the stock market. NSE also clarified that the concerned individual or entity is not registered as its member or as an authorized person of any registered member.

Risks and Verification Measures for Investors

NSE stated that investors should not share their trading credentials, such as user ID and password, with anyone. The exchange has provided a “Know/Locate your Stock Broker” facility on its website, where investors can check details of registered members and their authorized persons, as well as view designated client bank account details.

The exchange warned that participation in such prohibited schemes is entirely at the investor’s own risk, cost, and consequences, as these schemes are neither approved nor supported by the exchange. NSE also said that in such cases, investors will not be entitled to investor protection benefits or dispute resolution mechanisms available under the exchange’s jurisdiction.

Our previous report discussed NSE’s public warning regarding a case where an individual named ‘Shubham’ was found soliciting investors’ Login ID and Password while claiming to offer guaranteed returns and account handling services in the stock market. The article explained that such offers are legally prohibited, and investors were advised to verify registered members/authorized persons and designated client bank accounts using the “Know/Locate your Stock Broker” facility.

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