The National Stock Exchange (NSE) on Thursday warned investors not to fall prey to investment schemes with assured returns offered by Sameer Gulabrao Thite associated with Samsan Unitrade.
The exchange pointed out that the person and the entity are not registered either as a member or authorised person of any registered member of the NSE.
The cautionary statement comes after the NSE noticed that Sameer Gulabrao Thite associated with Samsan Unitrade was offering the service to handle trading accounts of investors by asking them to share their user identification (user ID) and password.
“Investors are cautioned and advised not to subscribe to any such scheme/product offered by any entities/persons offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law,” the exchange said in a statement.
Further, investors have been asked not to share their trading credentials such as user ID and password with anyone.
Earlier, the exchange had issued simil
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