NSE warns investors about unauthorized Telegram channels giving stock market tips
Regulatory vigilance is increasing in India's stock market regarding unauthorized investment advice and claims of guaranteed returns. In this context, the National Stock Exchange has advised investors to stay away from such offers and not to share their trading login details with anyone.
Highlights
- NSE warned that the 'The Trading Doctor' Telegram channel is giving unauthorized stock market tips and is not registered with NSE.
- Investors were instructed to stay away from unapproved schemes or any person or entity claiming guaranteed returns.
- Investing in such unauthorized schemes will not provide investors with NSE's investor protection benefits, dispute resolution, or grievance redressal.
This article was translated from the original. Read the original version by our correspondent here.
Exchange's warning on Telegram channel
As NSE India stated, a Telegram channel named “The Trading Doctor” is providing securities market tips related to stock market investments. The exchange said that investors should not subscribe to any scheme or product of any person or entity that offers indicative, assured, or guaranteed returns in the market, as such actions are prohibited by law.The exchange also clarified that the concerned entity is not a registered member of the National Stock Exchange of India Limited, nor an authorized representative of any registered member. Investors are also advised not to share their user ID and password with anyone.
Investor protection and verification arrangements
NSE stated that its website provides the “Know/Locate your Stock Broker” facility, through which investors can verify details of registered members and their authorized representatives. Details of client bank accounts reported to the exchange by trading members, which are used to receive or pay funds to investors, are also available under this link.The exchange said that participation in such prohibited schemes is at the investors' own risk, cost, and consequences, as these schemes are not approved or supported by the exchange. In such cases, investors will not have access to investor protection benefits, dispute resolution mechanisms, or investor grievance redressal mechanisms under the exchange's jurisdiction.
Our previous report summarized NSE's warning regarding claims by unauthorized Telegram channels like “The trade free” offering stock market tips and account management services, urging investors to remain cautious. That article also clarified that such channels are not registered members/authorized representatives of NSE, and advised investors to verify through “Know/Locate your Stock Broker” and not to share their user ID and password with anyone.
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