NSE Warns Investors Against Unregistered Individuals Promoting Guaranteed Returns

The National Stock Exchange of India (NSE) has issued warnings to investors concerning unregistered individuals and social media accounts that are allegedly offering guaranteed returns on stock market investments and soliciting trading credentials. The exchange clarified that participation in such schemes is at the investor's own risk and will not be covered by the NSE's investor protection or dispute resolution mechanisms.

Specific individuals and accounts identified in the warnings include 'Jeewan' and 'Happy Singh,' who are reportedly operating via mobile numbers and a YouTube channel. Another individual, 'Vikash Singh Thakur,' has been flagged on social media platform X. These individuals are accused of providing securities market tips, promising assured or guaranteed returns, and offering account-handling services, while requesting investors' login IDs and passwords.

The NSE strongly advises investors against subscribing to any scheme or product that promises indicative, assured, or guaranteed returns, as these practices are prohibited by law. Investors are also urged not to share their trading credentials, including user IDs and passwords, with any third party.

To help investors verify credentials, the NSE provides a 'Know/Locate Your Stock Broker' facility on its website. This tool allows investors to check registered members and their authorized persons, as well as designated client bank accounts. The exchange also maintains a consolidated list of investor advisories for public reference.