NSE warns investors about unauthorized Telegram share tips schemes

Traders Union
All News
Financial News
NSE Telegram tips warning

Highlights

NSE has warned investors that 'Harsh Vimal Kumar' and the 'Intraday Kings' Telegram channel are illegally claiming to provide guaranteed or assured returns in the stock market.
The alleged person or entity is not registered as an authorized member or representative of the NSE, and the activity of asking investors for login IDs and passwords is illegal.
NSE has cautioned investors to verify their broker using the 'Know/Locate your Stock Broker' facility on its website and not to share personal credentials.

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

Exchange Warning and Alleged Activities

As stated by the National Stock Exchange of India, a person named "Harsh Vimal Kumar" using the mobile number "9256446117" and a Telegram channel called "Intraday Kings" is providing securities market advice, claiming assured or guaranteed returns on stock market investments, and offering to manage trading accounts by asking investors to share their login IDs and passwords.

The exchange stated that investors should avoid subscribing to any scheme or product in the stock market that promises indicative, assured, or guaranteed returns, as such offers are prohibited by law. It also clarified that the concerned person or entity is not registered as a member or authorized person of the National Stock Exchange of India Limited.

Risks and Verification Facility for Investors

The exchange reiterated its advice to investors not to share their trading credentials, such as user ID and password, with anyone. Participation in such prohibited structures is at the investors' own risk, cost, and consequences, and these do not have the approval or support of the exchange.

To check the details of registered brokers and their authorized persons, the exchange has provided the "Know/Locate your Stock Broker" facility on its website. This warning is significant at a time when investment advice and account management services are rapidly reaching retail investors through social media and messaging channels.

Our previous report on NSE's warning regarding unauthorized stock market advice and guaranteed return claims highlighted that some individuals are offering to operate trading accounts by obtaining login IDs and passwords from investors via digital channels like Telegram, which is prohibited by law. That article also emphasized the importance of verifying the broker/authorized person using the “Know/Locate your Stock Broker” facility and the risk that such schemes do not provide the benefit of the exchange's investor protection and dispute resolution mechanisms.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.