NSE  has issued an advisory warning  investors  against  unregistered stock  tips on Telegram,  identifying the  channel and its tips. 

 In  a bid  to  minimize risks to investors,  the National Stock Exchange (NSE) has issued a warning  about  unregistered stock  buying  tips available on social  media  app Telegram,  especially  on  the  channel  is called  ‘Premium by Vijay’. 

  NSE, in a  warning,  said that  the  Telegram channel ‘Premium by Vijay’  allegedly  offers stock  market  trading  tips  along with promises of  guaranteed  returns on  investing in the  stock  market.  

The  stock exchange stated  in its press release that  the law prohibits  investors  from  subscribing to these schemes that offer guaranteed  profits and  returns  in  the stock  market. He  said that  ‘Premium  By  Vijay’  is  not  registered as a member  or  authorized person of any registered member of NSE.  Notably, the Telegram channel in question has  repeatedly  offered guaranteed  profits  through its  programs  and products.  Registration  or  approval of  such  an  unregistered scheme  may  be considered a punishable  offense.  

 In an effort to verify the credentials of market participants, NSE has  launched  a service called  “Know/Locate  your  stockbroker”  on its website, which  has  can be accessed via the link 

https://www.nseindia.com/invest/find-a-stock-broker

 This tool  allows  investors to check the details of registered members and their authorized persons. Additionally,  the  designated bank accounts disclosed by  the  trading  member to receive  or  pay funds  from or to investors are also displayed under the same link. 

  NSE said that participation  by  subscribers  in such prohibited schemes  would pose risks, costs  and  consequences to investors,  as  such  schemes are  not  approved  or  endorsed by the  Exchange . 

 Investors  shall  not have access to any benefits under the  Investor Protection Rules of the Exchange  in  the event  of any  dispute relating to investment  in such prohibited schemes.  NSE said all  investors  must  verify the details of any  individual  or entity  involved  in a scheme like  this.  

For more  information,  visit at https://happenrecently.com/zepto/?amp=1