Amid flurry of financial gurus giving advice on social media, the National Stock Exchange recently issued a stern warning to investors against scertain Instagram and Telegram channels.
According to the statement issued by the NSE, persons named ‘Rohit Kashyap’ and ‘Vedika Sharma’, who are linked with an entity named “Dr. Stock Market Company” is operating through mobile numbers “7456070218”, “8445035218” and “7037060119”. The NSE cautioned the investors that these individuals are “providing dabba/illegal trading services.”
The NSE said that the investors are strictly advised not to subscribe to any such product offered by any person/entity “offering indicative/assured/guaranteed returns in the stock market” as such products are illegal. People have also been told not to share their passwords, OTP or other trading credentials with anyone.
It should be noted that the NSE has provided a facility of “Know/Locate your Stock Broker” under the link “https://www.nseindia.com/invest/find-a-stock-broker” on its website. This link gives details of the registered members.
Furthermore, in another circular, the NSE has cautioned “Telegram channel named “VR Technicals” operating through mobile number “8955011483” is providing securities market tips for trading, assured returns on investments in stock market and offering to handle trading account of investors by asking investors to share their Login ID/password.”
Instagram handle ‘bse_nse_latest’ and another Telegram channel ‘BHARAT TARDING YATRA’ have also been flagged by the NSE. These unauthorised entities are providing trading tips to investors.