Mumbai : It has been brought to the notice of the National Stock Exchange of India Limited (NSEIL/Exchange) that the following persons and entities are involved in providing securities market tips, assured/guaranteed returns on investment, account handling services, and/or dabba/illegal trading services:

1.      B. Udaya Kumar associated with Trade Volcano, operating through mobile number 9092568560, YouTube Channel www.youtube.com/@b.udayakumarb.udayakumar2603, Telegram Channel https://t.me/+X_TS7VotUM9mMTJl, X Channel https://x.com/Udayaku08151754?t=gWIgHqCLdFzRmOk-FzEQVw&s=09, and Instagram https://www.instagram.com/udayakumar8367/. He is offering securities market tips, assured/guaranteed returns, and account handling services by asking investors to share their Login ID/Password.

2.      Ankus Thakur associated with Nice Trader, operating through mobile numbers 9286356574, 9286317149, 7037732072, 7819932881, and website https://nicetrader.life/trade, is providing dabba/illegal trading services to investors.

3.      Naushad associated with Nusa Trading School, operating through mobile number 9076765732 and Facebook group “DABBA Trading 500x Margin” (https://www.facebook.com/share/g/18cUXxD2eX/), is offering securities market tips, assured/guaranteed returns, account handling services, and dabba/illegal trading services by asking investors to share their Login ID/Password.

4.      SharesBazzar, operating through mobile numbers 9920751107, 8551818922, 7698291966, 8347223784, website m.intraday8.com/login, application https://play.google.com/store/apps/details?id=com.intraday.sharesbazzar, Instagram account intraday8official, and Facebook pages https://www.facebook.com/profile.php?id=61579644183179,https://www.facebook.com/Intraday8, is providing assured/guaranteed returns on investment and dabba/illegal trading services.

Investors are advised to exercise caution and refrain from sharing their account credentials with any of the above-mentioned persons or entities.

The investors are cautioned and advised not to subscribe to any 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 are/is 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 person/entity.

The consolidated list of Press Releases issued by Exchange is available on the NSE website under the link “https://www.nseindia.com/invest/advisory-for-investors”.

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:

1.      Benefits of Investor Protection under Exchange’s Jurisdiction

2.      Exchange Dispute Resolution Mechanism

3.      Investor Grievance Redressal Mechanism administered by Exchange

Investors are advised to take note of the above.*Issued in interest of investors*