NSE Alerts Traders and Investors About Unauthorized Stock Tips Online
Synopsis
On April 10, the NSE issued a serious warning to traders and investors about engaging with unauthorized stock tipsters who promise guaranteed returns. With specific cases highlighted, the exchange emphasizes the risks involved in such dealings. Find out more about how to protect your investments.
Key Takeaways
The NSE warns against unauthorized stock tipsters.
Investors should never trust promised guaranteed returns.
Verify broker authenticity through official NSE resources.
Sharing sensitive trading information can lead to risks.
Engaging in unauthorized schemes is at the investor's own risk.
Mumbai, April 10 (NationPress) The National Stock Exchange of India Limited (NSE) has issued a warning to traders and investors regarding interactions with unauthorised individuals who provide stock market tips and promise assured returns, highlighting incidents involving online platforms.
The exchange identified an individual named 'Nitin', who runs a Telegram channel called 'Everyday Power Of Stocks'. He is accused of offering stock market advice with claims of guaranteed returns and providing account management services to investors.
Another case involves 'Satendra Dubey', linked to a company known as 'Wealth Trading', who is reportedly engaged in illegal trading activities through various online channels, including a website, mobile application, and social media platforms such as Facebook groups and Instagram.
The NSE emphasized that these individuals are not registered as trading members or authorized representatives of any of its accredited entities.
In its advisory, the exchange urged investors to refrain from subscribing to any schemes or products that guarantee returns in the securities market, as such practices are illegal.
Investors are also advised against sharing sensitive trading information like user IDs and passwords with any third parties.
Furthermore, the NSE stated that details regarding registered brokers and authorized individuals can be verified using the 'Know/Locate your Stock Broker' feature on its official website.
The exchange warned that engaging in these unauthorised schemes poses significant risks to investors, as they are not recognized or supported by the NSE.
“If disputes arise from these illegal activities, investors will lack access to exchange-backed protections such as investor safeguards, dispute resolution, and grievance redressal mechanisms,” the exchange noted.
In related news, early trading on Friday saw domestic equity benchmarks Sensex and Nifty both rise by 1 percent.
Point of View
Unauthorized stock tips pose a significant risk to investors. It's imperative for traders to verify the legitimacy of stock advice and remain cautious of schemes that promise assured returns.
NationPress
12 Jul 2026
Frequently Asked Questions
What should I do if I receive stock market tips from unauthorized sources?
Do not engage with unauthorized individuals and ensure you verify any stock advice through legitimate channels.
How can I verify if a stock broker is registered?
You can verify registered brokers and authorized persons using the NSE's official 'Know/Locate your Stock Broker' feature on their website.
What are the risks of following unauthorized stock tips?
Following unauthorized stock tips can lead to significant financial losses, as these individuals are not regulated and their promises are often deceptive.
What happens if I face a dispute with an unauthorized stock tip provider?
Investors will not have access to exchange-backed protections or dispute resolution mechanisms if they engage with unauthorized tip providers.
Are there any legal repercussions for providing unauthorized stock advice?
Yes, providing unauthorized stock advice is illegal and can result in legal action against the individuals involved.
