NSE has advised investors to be cautious of unauthorized Telegram channels
In an effort to enhance investor protection in the Indian capital market, the National Stock Exchange advises investors to stay away from Telegram channels that claim to provide stock market tips and account management services. The exchange stated that a channel called “The trade free” is allegedly offering such services, while proposals with guaranteed or assured returns are prohibited by law.
Highlights
- NSE warned investors that unauthorized Telegram channels like 'The trade free' are providing stock market-related tips and services.
- The exchange clarified that these channels are neither registered members of NSE nor any recognized authorized persons.
- NSE warned investors to check registered membership information on the website and cautioned that participation in unauthorized schemes falls outside the protection mechanism.
This article was translated from the original. Read the original version by our correspondent here.
Investor Caution and Exchange Warning
National Stock Exchange of India has issued a warning stating that a Telegram channel named “The trade free”, with the link https://t.me/freetradethe, is providing investors with securities market tips and account management services. The exchange has advised investors not to subscribe to any scheme or product from any person or entity that offers indicative, assured, or guaranteed returns in the stock market.The exchange 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. Investors are advised not to share their trading credentials, such as user ID and password, with anyone.
Registration Verification and Dispute Resolution Scope
NSE stated that investors can check the details of registered members and their authorized persons using the “Know/Locate your Stock Broker” facility available on its website. The same link also provides details of client bank accounts as reported to the exchange by trading members, so investors can verify before transacting with any person or entity.According to the exchange, participation in such prohibited schemes is at the investors’ own risk, cost, and consequences, as these are not approved or endorsed by NSE. In such cases, investors will not have access to investor protection, dispute resolution mechanisms, or investor grievance redressal mechanisms under the exchange’s jurisdiction.
In our previous report we summarized NSE’s warning regarding Telegram channels like 'Harsh Vimal Kumar' and 'Intraday Kings' that claimed to offer guaranteed/assured returns and operated trading accounts by obtaining investors’ login IDs and passwords. That article also highlighted that such individuals/entities are not registered members or authorized persons of NSE, and investors were advised to verify using the “Know/Locate your Stock Broker” facility and not to share credentials.
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