The National Stock Exchange of India (NSE) has from time to time warned capital market traders not to fall prey to exciting offers or promises from unknown entities or individuals as there is a possibility that they may not be a registered broker. Once again, NSE warned investors to be extra cautious of a certain person associated with the entity named “Trading Master”. This person is collecting money from innocent investors by assuring them guaranteed returns.
The name of this fraudster is “Pankaj Sonu”.
in a statement, nse said, “It has been brought to the notice of the Exchange that a person named “Pankaj Sonu” is associated with an entity named “Trading Master”, operating through mobile number “9306132815”, for trading in securities market. is collecting money from the public and ensuring / providing guaranteed return on investment in Share Market,
In addition, the exchange said, “it is also offering to handle investor’s trading account by asking investors to share their user ID and password.”
Subsequently, NSE cautioned and advised the investors not to subscribe to any such scheme/product being offered by any entity/person offering indicative/assured/guaranteed returns in the stock market as it is prohibited by law. prohibited by.
Also, NSE advised investors “not to share your trading credentials like user ID/password with anyone.”
“The said person/entity is not registered as a member or an authorized person with any of the registered members of the National Stock Exchange of India Limited,” NSE said.
Also, it said, “Participation in such restricted schemes is at the investors’ own risk, cost and consequences as such schemes are neither approved nor endorsed by the Exchange.”
Accordingly, NSE said that none of the following remedies shall be available to investors for any dispute relating to such prohibited schemes:
– Benefits of investor protection under the jurisdiction of the Exchange
– Exchange Dispute Resolution Mechanism
– Investor Grievance Redressal Mechanism administered by the Exchange.
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