Hey there, investors! The National Stock Exchange of India (NSE) has issued a warning about unauthorized investment schemes being promoted by Amit Lilhare, an Authorized Person of a registered stockbroker. This guy has been luring people in with promises of guaranteed returns on stock market investments and then collecting commissions in his personal bank accounts. Shady, right?
According to NSE, Amit Lilhare has addresses in Durg, Chhatisgarh, and Hadapsar in Pune, Maharashtra. So, if you come across this guy or his schemes, steer clear! NSE is cracking down on him, so disciplinary actions are underway.
Investors, please be cautious when it comes to schemes that promise guaranteed returns in the stock market. It’s illegal, folks! And remember, never share your trading credentials like user ID and password with anyone. NSE has a handy tool on their website where you can verify the details of registered members and their authorized persons.
Also, make sure to check the designated bank accounts for client transactions on the NSE website before making any moves. Participating in these prohibited schemes comes with risks and consequences, and you’ll miss out on investor protection, dispute resolution mechanisms, and grievance redressal if you get involved.
Just a reminder, NSE is a big deal in the world of exchanges. It’s the largest derivatives exchange by trading volume and ranks third globally in cash equities by number of trades. Established in 1994, NSE was the first Indian exchange to go electronic and has been dominating the stock exchange scene in India since 1995.
Stay smart, stay safe, and always do your due diligence before jumping into any investment schemes. And remember, if it sounds too good to be true, it probably is!
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