Stock Market Fraud Alert: NSE Issues Advisory On New Scam; Here's How Investors Can Protect Their Portfolio

It has been brought to the notice of the National Stock Exchange of India Ltd. (NSEIL/Exchange) that persons named "Satish Singh" and "Kayva Godbole" operating through mobile numbers "9601789038", "8306151199" & "9532315284", Telegram Link "https://t.me/KGAsst" and Whatsapp group named "Rational Gains Club" with Link "https://chat.whatsapp.com/Ekm1M8ShwZIIFIpkM0Ku8M?t=iMj2D5qY" are providing securities market tips and assured/guaranteed returns on investment in stock market.

The investors are cautioned and advised not to subscribe to any scheme/product offered by any persons/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. Further, investors are advised not to share their trading credentials such as user ID/Password with anyone.

It may also be noted that the said persons/entity are not registered either as a member or Authorised Person of any registered member of the National Stock Exchange of India Limited. Exchange 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, to check the details of the registered member and its Authorised Persons.

Further, the designated bank accounts named as client bank accounts to receive/pay money from/to investors as disclosed by the trading members to Exchange are also displayed under the said link. Investors are advised to check the details while dealing with any persons/entity.

Participation in such prohibited schemes is at investors' own risk, cost and consequences as such schemes are neither approved nor endorsed by the Exchange. The investors may note that for any kind of disputes relating to such prohibited schemes none of the following recourses will be available to investors:

Benefits of Investor Protection under Exchange's Jurisdiction
Exchange Dispute Resolution Mechanism
Investor Grievance Redressal Mechanism administered by Exchange