NSE cautions investors against dabba trading

Mumbai: The National Stock Exchange (NSE) has warned investors against a person and entities engaged in dabba/illegal trading. The stock exchange said in a statement that investors are cautioned not to subscribe to any such scheme or product offered by any person in the stock market as the same is prohibited by law.

The NSE said that the person named ‘Aditya’ associated with entities named ‘Bear&Bull Platform’ and ‘Easy Trade’, operating through mobile numbers ‘8485855849 and 9624495573’, is providing ‘dabba/illegal trading services’.

“It may also be noted that this person is not registered either as a member or authorized person of any registered member of the NSE. A police complaint has been lodged in this regard,” said the NSE.

The exchange also cautioned investors against an Instagram account and a Telegram channel which have been found offering investment tips. In terms of Sections 23(1) of the Securities Contracts (Regulation) Act, 1956 (SCRA).