BSE stated these entities aren’t registered as research analysts, urging investors to avoid sharing sensitive details like passwords or user IDs with anyone for safety
New Delhi
BSE Limited on Tuesday warned investors about four unregistered entities that are offering illegal stock market tips and seeking confidential information. The stock exchange urged the public to avoid any schemes or products offered by these groups, as they are not registered with regulators.
The entities identified include Money Talks with Payal, NSE Stock Pro, PTS Prabhat Trading, and PTS Prabhat Trading Service. These groups are active on Telegram and Instagram, where they claim to provide securities market advice and promise guaranteed returns. Some even ask investors to share login IDs and passwords to operate their trading accounts, which poses serious risks.
BSE clarified that none of these entities hold registration as research analysts or intermediaries with the exchange. It reminded investors never to share sensitive information such as user IDs or passwords with anyone.
The exchange highlighted that such unregistered schemes expose investors to significant financial risks, without access to investor protection or dispute resolution mechanisms. Investors have been advised to verify the registration of intermediaries on BSE’s website and use SEBI’s online portal for investor protection services.
The Securities and Exchange Board of India (SEBI) has also recently flagged several unregistered advisory firms that falsely claim to be SEBI-approved or present fake certificates. SEBI has made it clear that registered intermediaries or their agents are not allowed to associate with unregistered entities for promotions or advertisements.
To strengthen monitoring, a Market Intelligence portal has been set up to allow participants to report market abuse. Both BSE and SEBI urged investors to stay cautious and avoid falling prey to misleading claims.