NSE issues warning to stock investors against these two Instagram and Telegram channels

National Stock Exchange (NSE) has cautioned investors against an Instagram and telegram channel that claims to offer investment-related tips. The exchange also warned investors against an entity providing trading services via dabba/illegal trading.

NSE warns against Instagram and Telegram channels

In its release, NSE has warned against an Instagram handle named ‘bse_nse_latest’ and telegram channel ‘BHARAT TARDING YATRA’ that are providing securities market tips for trading and offering to handle trading accounts of investors.
It further advises investors to not subscribe to any such scheme/product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. INSE also warns against sharing trading credentials such as user id/ password with anyone.

NSE also shares mobile numbers used by illegal trading entities

In a separate release, NSE says that it has been apprised of a person named ‘Aditya’ associated with
entities named “Bear&Bull PLATFORM” and “Easy Trade” that are providing dabba/illegal trading services. The country’s largest stock exchange also shared two mobile numbers through which the person was operating. These are “8485855849 and 9624495573”.
“It may also be noted that this person is not registered either as a member or authorized person of any registered member of the National Stock Exchange of India Limited.”
The exchange informed investors that a police complaint has been lodged in this regard.

How to verify a stock broke

In the press release, the exchange provided a facility of ‘Know/Locate your Stock Broker’ under the link – https://www.nseindia.com/invest/find-a-stock-broker. Inventors can check the details of the registered member and authorized persons on the website.