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NSE Warning: 5 Unauthorised Tipsters Exposed Amid Investment Scam Fears

The National Stock Exchange has issued a serious warning to investors. It has named five individuals running unauthorised channels that promise guaranteed returns. These tipsters operate on YouTube and social media, asking for your trading login details. Always check an advisor's registration before sharing any personal information or funds.

Key Points: NSE Warns Investors Against 5 Unauthorised Tip Channels

  • NSE identifies five individuals operating illegal tip channels on YouTube and social media
  • The tipsters promise guaranteed returns and seek access to investor trading accounts
  • Sharing login credentials with unregistered entities is a major security risk
  • The warning follows a similar alert from BSE last month about unauthorised entities
2 min read

NSE warns investors against 5 individuals running unauthorised investment tip channels

NSE warns against 5 individuals offering unauthorised stock tips & guaranteed returns. Learn how to protect your trading credentials and avoid scams.

"Investors are advised not to share their trading credentials, such as user ID/password, with anyone. - National Stock Exchange (NSE)"

Mumbai, Dec 11

The National Stock Exchange (NSE) on Thursday warned investors about five individuals -- Krishnam Raju, Pratiban, Pooja Sharma, Aman, and M Amit -- over providing unauthorised investment tips.

The exchange said that these persons offer to handle investors' trading accounts, assuring them guaranteed returns. They operate through YouTube channels -- Profit Trading, Trade Room Official, Profit Maximisers and other social media and communication channels.

"It has been brought to the notice of the National Stock Exchange of India Ltd that individuals named Krishnam Raju, Pratiban, Pooja Sharma, Aman, and M Amit — operating through platforms such as YouTube channels, along with other social media and communication channels — are providing unauthorised securities market tips, offering to handle investor trading accounts by seeking Login IDs/Passwords, assuring returns, and engaging in dabba or illegal trading services," NSE said in an official release.

NSE further advised investors not to subscribe to any scheme or product offered by any person or entity offering assured returns in the stock market, as the same is prohibited by law.

"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 NSE," the stock exchange said.

Last month, the Bombay Stock Exchange (BSE) warned investors of an unauthorised body -- EZInvest -- for circulating investment and trading recommendations and collecting funds from citizens to trade in the equity market.

"It has been brought to the attention of the Exchange that the following entity is allegedly engaged in unauthorised activities like investment and trading recommendations without registration with SEBI or the Exchange and soliciting funds from investors for trading in various securities, including Indian Listed Equity Shares," BSE said in a circular.

The exchange said that the entity is not a registered member of BSE, and should verify the credentials of the adviser before deciding action on their inputs.

"Please note that these entities or individuals are neither registered as members nor as authorised persons of any registered member of the BSE Limited. The Exchange provides a facility to verify the registration of Exchange intermediaries at official websites," the exchange said.

- IANS

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Reader Comments

S
Shreya B
My uncle almost fell for a similar scheme last year. They promised 5% weekly returns! It's shocking how many people are willing to hand over their login details. Financial literacy is so important in India.
A
Aman W
While the warning is necessary, I feel the exchanges and SEBI need to be more proactive. By the time they issue a warning, these fraudsters have already vanished with people's money. The enforcement needs to be faster.
P
Priyanka N
"Dabba trading" is a huge problem. These channels make it look so easy and glamorous. Youngsters see fancy cars and think stock market is a shortcut to riches. Reality is very different. Do your own research, folks!
D
David E
Working in Mumbai's financial sector, I see this often. The promise of "assured returns" is the biggest red flag. The market doesn't work that way. If it sounds too good to be true, it probably is. Stay safe.
K
Kavya N
Social media is flooded with such tipsters. YouTube, Telegram, WhatsApp groups... they're everywhere. Parents and colleges should teach basic financial safety. Never, ever share your password! 🙏

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