NSE warns investors against Pankaj Sonu
He’s associated with ‘Trading Master’ operating through mobile number 93061 32815, and collecting funds from public for trading in securities market by offering assured/guaranteed returns on investment in stock market; Investors can’t exercise their protection rights if they subscribed to such prohibited schemes
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Mumbai: NSE has strongly warned investors against ‘Pankaj Sonu’. It has been brought to the notice of the Exchange that person named ‘Pankaj Sonu’ associated with entity named ‘Trading Master’ operating through mobile number 9306132815, is collecting funds from public for trading in securities market and providing assured/guaranteed returns on investment in stock market. He is also offering to handle trading account of investor by asking investors to share their user ID and password.
Talking to Bizz Buzz, a spokesman from NSE, said: “The investors are cautioned and advised not to subscribe to any such scheme/product offered by any entity/person offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. Further, investors are advised not to share their trading credentials such as user id/password with anyone. It may also be noted that the said person/entity is not registered either as a member or authorized person of any registered member of the National Stock Exchange of India Limited.”
Participation in such prohibited schemes is at investors' own risk, cost and consequences as such schemes are neither approved nor endorsed by the Exchange.
The investors may note that for any kind of disputes relating to such prohibited schemes none of the following recourses will be available to investors: Benefits of investor protection under Exchange's Jurisdiction, exchange dispute resolution mechanism and investor grievance redressal mechanism administered by exchange.
