Investors are advised to check the details while dealing with any entity.
Bengaluru, 20 December 2023 It has been brought to the attention of the exchange that a person named “Vishal Yadav,” operating through mobile number “8976429276,” is providing securities market tips and assured or guaranteed returns on investment in the stock market.
The investors are cautioned and advised not to subscribe to any such scheme or product offered by any person offering indicative, assured, or guaranteed returns in the stock market, as the same is prohibited by law. It may also be noted that the said person is not registered either as a member or authorized person of any registered member of the National Stock Exchange of India Limited. Exchange has provided a facility called “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 authorized persons. Further, the designated bank accounts named as client bank accounts to receive or pay money from or to investors as disclosed by the trading members to the exchange are also displayed under the said link. Investors are advised to check the details while dealing with any 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 dispute relating to such prohibited schemes, none of the following recourses will be available to them:
- Benefits of investor protection under the exchange’s jurisdiction
- Exchange dispute resolution mechanism
- Investor grievance redressal mechanism administered by the Exchange
Investors are advised to take note of the above.
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