The National Stock Exchange (NSE) has issued a warning to investors regarding fraudulent activities originating from two specific mobile numbers. Investors are cautioned against engaging with individuals posing as legitimate brokers promising guaranteed returns on investments.
According to a press release issued by the NSE on Wednesday, individuals identifying themselves as “Makhan Prajapati” and “Rakesh Sharma,” purportedly associated with a company named “Choice Broking,” are operating through the mobile number: 9977690997. These individuals offer securities market tips and solicit investors’ login credentials to manage trading accounts, the release stated.
Additionally, the exchange has flagged another mobile number: 9112569388, advising users to refrain from accepting securities market tips from a person named Kuldeep Valiya, who claims association with “R K Global Shares & Securities Limited.”
The NSE clarified that while Choice Equity Broking Private Limited and R K Global Shares & Securities Limited are registered trading members of the exchange, the aforementioned individuals are not affiliated with them.
Instances of such fraudulent activities are not uncommon in the financial industry, and stock exchanges regularly identify and caution against individuals and phone numbers involved in such schemes.
To combat such crimes, the NSE has provided an online tracker on its website where investors can verify the details of stock brokers. Interested parties can access the tracker at: https://www.nseindia.com/invest/find-a-stock-broker
It is strongly advised to verify the registration status of a stockbroker before engaging in any transactions to mitigate potential financial losses and legal ramifications.
