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NSE cautions investors against assured returns scheme by 2 individuals
The National Stock Exchange of India (NSE) on Friday cautioned investors against putting their money in any assured returns scheme offered by two individuals.
The two individuals are Ujjwal Priyadarshi, associated with Share Bazaar, and Neha, associated with Tradesure.
They (Ujjwal and Neha) were providing securities markets tips for trading and assuring returns on investment in stock market and also offering to handle trading account of investors by asking them to share their credentials, the NSE said in two separate statements.
According to the statements, these persons are not registered either as a member or authorised persons of any registered member of the bourse.
Cautioning the investors, the exchange asked them not to subscribe to any such scheme or product offered by any person or entity offering guaranteed returns in the stock market as the same is prohibited by the law.
The exchange has also provided a facility to investors of "Know/Locate your Stock Broker" on its webs