NSE alerts investors on offers with fake returns

New Delhi: National Stock Exchange (NSE) issued an advisory on Monday cautioning investors of certain individuals and entities operating schemes that offer securities market tips and assured returns on stock market investments.

The exchange said in a statement that investors are cautioned and advised not to subscribe to any such scheme/product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law.

The NSE said that a Telegram channel named ‘EuremOm’ with channel link ‘t.me/euremompriceactions’ operating through mobile number ‘8233955740’ and an individual named ‘B Sridhar’ operating via mobile number ‘9845031889’ -- is providing securities market tips and assured returns on investment in the stock market.