The National Stock Exchange of India (NSE) on Wednesday cautioned investors as a couple of unauthorised entities/individuals tried fooling investors and assuring guaranteed returns in the market.
“It has been brought to the notice of the Exchange that person named “Archana Patel” associated with entity named “Piramid Solution” operating through mobile number “7016252026” is providing assured/guaranteed returns on investment in stock market. The above-mentioned person/entity is also offering to handle trading account of investor by asking investors to share their user ID and password also “Naga Rathnam” associated with entity named “Wings2Trade” operating through mobile number “9063288999” is offering to handle trading account of investor by asking investors to share their user ID and password,” said NSE in a release on Wednesday.
The regulator further added that investors are cautioned and advised not to 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. 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 person/entity is not registered either as a member or authorized person of any registered member of the National Stock Exchange of India Limited.
