NSE Flags Dabba Trading and Sankhat Bulls, Warns Investors Against Assured Returns
Mumbai: The National Stock Exchange of India has issued separate investor advisories concerning a Facebook group offering illegal trading services and a Telegram channel providing securities market tips. The exchange identified the Facebook group as “Dabba Trading” and said it was providing dabba, or illegal, trading services to investors. In another advisory, NSE flagged the Telegram channel…
The National Stock Exchange of India has issued warnings to investors regarding illegal trading practices and unregistered entities claiming to provide stock market advice. The exchange identified two specific social media groups as "Dabba Trading" and "Sankhat Bulls". Both groups are offering unauthorized services and promoting schemes that promise guaranteed returns, which is illegal.
NSE advised investors to be wary of any investment offers promising assured returns, as such promises are prohibited by law. It is imperative for investors to verify the registration details and trading permissions of any person or entity before engaging in dealings. Sharing trading credentials with others is strictly prohibited to protect the security of trading accounts.
Investors are recommended to utilize NSE's online tools to check if the broker or trading member is registered and to confirm their designated bank accounts. This step ensures that the details provided by the service provider align with the exchange's records, safeguarding investors from potential fraud.
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