NSE has cautioned investors to beware of unauthorized stock tips channels

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NSE has warned investors

Highlights

NSE warned that the Telegram channel and X handle named 'hm Stocksbears' are providing unauthorized investment advice and are not registered members of the exchange.
NSE advised investors not to invest in schemes promising indicative, assured, or guaranteed returns and not to share their trading credentials.
Investors will not be eligible for NSE’s investor protection, dispute resolution, or grievance redressal mechanisms for investments in such prohibited schemes.

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

Exchange’s Warning on Unauthorized Investment Advice

As stated in the notice issued by the National Stock Exchange of India, a Telegram channel and X handle named “hm Stocksbears” are providing securities market tips related to stock market investments. The exchange clarified that the concerned individual or entity is not registered as a member or authorized person of National Stock Exchange of India Limited.

Investors are advised not to subscribe to any scheme or product that promises indicative, assured, or guaranteed returns in the stock market. The exchange also stated that such offers are legally prohibited, and investors should not share their trading credentials, such as user ID and password, with anyone.

Investor Protection and Available Verification Facilities

The exchange has provided a “Know/Locate your Stock Broker” facility on its website, allowing investors to verify details of registered brokers and their authorized persons. Information about client bank accounts reported by trading members to the exchange is also displayed under this link, so investors can verify before transacting.

NSE has clarified that participation in such prohibited schemes is entirely at the investor’s own risk, cost, and consequences, as these schemes are not approved or endorsed by the exchange. In case of disputes, investors will not be eligible for investor protection, dispute resolution mechanisms, or grievance redressal provided under the exchange’s jurisdiction.

Our previous report mentioned NSE’s warning on the Telegram channel ‘The Trading Doctor’, which cautioned investors against unauthorized stock market tips and claims of guaranteed returns. That article also highlighted that such cases do not offer investor protection/dispute resolution benefits, and investors were advised to verify brokers/authorized persons through “Know/Locate your Stock Broker” and not to share their user ID and password.

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