NSE cautions investors against trading information given by means of unregistered investment advisers

The national stock alternate (NSE) on Friday asked investors no longer to trade in the securities markets in accordance with the trading counsel provided by unregistered funding advisers and portfolio managers. The advisory comes after the NSE found that individuals Swaraj Takale, Sameer Narvekar and Neha Narvekar associated with an entity named 'change with Jazz' had been accumulating money from the public with the aid of featuring securities market tips and funding plans assuring guaranteed returns on the investment made.

additionally, NSE mentioned that someone -- Bhavika Patel -- became offering guaranteed returns to investors via funding schemes.

The bourse mentioned that these individuals are not registered both as a member or approved persons of any registered member of the NSE.

Cautioning investors, NSE requested traders now not to alternate within the securities markets in line with the tips or options offered with the aid of unregistered investment advisers or portfolio managers. traders may still now not get lured by means of such trading assistance and stock-specific techniques.

"The investors are additionally suggested and informed no longer to subscribe to this kind of scheme/ product offered through any people/entity offering indicative/certain/assured returns in the stock market because the identical is illegal through legislation," NSE said in an announcement.

For any variety of disputes concerning such prohibited schemes, mechanisms comparable to merits of investor protection below the change's jurisdiction, exchange dispute decision mechanism and investor grievance redressal mechanism administered with the aid of the change, would no longer be attainable to buyers, it delivered.

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