NSE issues investor warning over market tips from unregistered YouTube channel

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NSE YouTube investment warning

Highlights

NSE has warned investors to be cautious about market tips from the unregistered YouTube channel 'Simpy Gupta Live Trading' and to avoid subscribing to its offerings.
The exchange clarified that such schemes are not approved or supported by NSE, and that any investment in them is entirely at investors' own risk, cost and consequences.
NSE stressed that in the event of a dispute involving such schemes, investors will not have access to the exchange's investor protection, dispute resolution or grievance redressal facilities.

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

Scope of the warning and compliance message

According to the National Stock Exchange of India, a YouTube channel called “Simpy Gupta Live Trading” is offering investors securities market tips. The exchange has urged investors not to subscribe to any scheme or product offered by any person, entity or social media platform that claims to provide indicative, assured or guaranteed returns in the stock market.

NSE has also said that investors should not share their trading credentials, such as their user ID and password, with anyone. According to the exchange, the social media channel in question is not registered as a member of the National Stock Exchange of India Limited or as an authorized person of any registered member.

The exchange offers a “Know/Locate your Stock Broker” feature on its website, through which investors can check the details of registered members and their authorized persons. Investors have also been advised to verify available details, including client bank accounts, before transacting with any person, entity or social media platform.

Investor protection and the impact of risk

NSE has said that such prohibited schemes are neither approved nor supported by the exchange, so participation in them is entirely at investors' own risk, cost and consequences. This message is particularly important at a time when social media-based investment advice is spreading and unregulated channels are finding it easier to reach retail investors.

The exchange has also clarified that if investors become involved in disputes related to such prohibited schemes, they will not be eligible for investor protection under the exchange's jurisdiction. The exchange's dispute resolution mechanism and its investor grievance redressal mechanism will also not be available in such cases.

Our previous report detailed NSE's warning urging investors to steer clear of alleged guaranteed returns, account management services and prohibited activities such as dabba (illegal) trading offered through 'Vicky Dhakad' and associated Telegram, Facebook and YouTube channels. The article also covered the potential severe penalties under Section 23(1) of the SCRA, 1956, and noted that disputes involving such unauthorized platforms are not eligible for the exchange's dispute resolution or investor grievance redressal mechanisms.

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