NSE warns investors about unauthorized Telegram channel

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NSE Telegram channel warning

Highlights

The National Stock Exchange (NSE) declared the claims of guaranteed returns and services made by the 'TRADING WITH KAROL' Telegram channel unauthorized.
NSE advised investors not to share their trading credentials and to check registration using the 'Know/Locate your Stock Broker' feature.
The exchange clarified that investors who invest in unauthorized schemes will not be able to access dispute resolution and investor protection mechanisms.

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

Scope of the warning and advice for investors

As reported by NSE India, citing the National Stock Exchange of India, a Telegram channel named "TRADING WITH KAROL" is offering securities market tips, assured or guaranteed returns on investments, and account handling services. The exchange said that no scheme or product offering indicative, assured, or guaranteed returns in the stock market through any individual, entity, or social media platform should be subscribed to, as this is prohibited by law.

The exchange also advised investors not to share their trading credentials, such as their user ID and password, with anyone. NSE clarified that the social media channel in question is not listed as one of its registered members or as an authorized person of a registered member.

Checking registration and the impact on dispute resolution

NSE provides a "Know/Locate your Stock Broker" feature on its website, through which investors can verify the details of registered members and their authorized persons. The exchange also said that details of client bank accounts declared by trading members for receiving funds from or making payments to investors can be viewed through the same link.

Investors have been advised to verify this information before transacting with any individual, entity, or social media platform. The exchange said that participation in such prohibited schemes is at investors' own risk, cost, and consequences, as the exchange neither approves nor endorses these schemes.

The exchange also cautioned that in such cases, investors will not have access to measures under its jurisdiction, such as investor protection, the exchange's dispute resolution mechanism, or the investor grievance redressal mechanism operated by the exchange.

Our previous report on NSE's warning detailed its advice to investors to stay away from ‘Vicky Dhakad’ and associated Telegram/YouTube/Facebook channels, which were offering market tips, guaranteed returns, account handling, and prohibited services such as alleged dabba trading. The article also highlighted the potentially severe penalties under the SCRA, 1956, and noted that investors cannot access the exchange's dispute resolution and investor grievance redressal mechanisms if disputes arise on such unauthorized platforms.

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