NSE Warns about Vinay Agarwal of Economical Consultancy and Ashish Agarwal from Ganesh Traders, Who Are Providing ‘Stock Tips’
Moneylife Digital Team 24 May 2023
The National Stock Exchange (NSE) has warned investors to stay away from Vinay Agarwal of Economical Consultancy and Ashish Agarwal of Ganesh Traders, who are luring investors under the pretext of providing securities market tips for trading and assuring returns on investment in the stock market.
 
In two separate releases, the Exchange says, "A person named Vinay Agarwal, associated with Economical Consultancy operating through mobile number +91-9559984351, and Ashish Agarwal, associated with Ganesh Traders operating through mobile number +91-7202040635, are providing securities market tips for trading and assuring returns on investment in the stock market and also offering to handle trading account of the investor by asking investors to share their credentials".
 
"Investors are cautioned and advised not to subscribe to any scheme or product offered by these or any other entities offering indicative, assured or guaranteed returns in the stock market as the same is prohibited by law," NSE says.
 
The Exchange says it does not endorse such advisory and trade practices. "Participation in such a prohibited scheme will be under the investors' own risk, cost, and consequences as such schemes are neither approved nor endorsed by the Exchange," it added.
 
Further, according to the Exchange, its dispute resolution mechanism, investor grievance redressal mechanism, and protection offered to investors as per the norms would not be provided if any kind of dispute were raised by anyone indulged in this prohibited scheme.
Comments
Adani Stocks: What Price Rigging?
Debashis Basu, 24 May 2023
US Judge Potter Stewart will be remembered for his famous definition of obscenity and pornography at a time when the US justice system was struggling to balance freedom of expression and the State’s job to maintain public decency....
Digital India Act To Curb High-risk AI, Enable Start-up Innovation: Centre
IANS 24 May 2023
The Centre on Tuesday said that the upcoming Digital India Act (DIA) will strictly deal with misinformation and 'high-risk AI' to prevent user harm, and the first draft of the Bill is expected by the first week of June.
 
In...
Alps Motor Finance, Ex-Directors Penalised Rs41 Lakh for Mis-utilising Funds from Preferential Allotment
Moneylife Digital Team 24 May 2023
Securities and Exchange Board of India (SEBI) has imposed a fine of Rs41 lakh on Alps Motor Finance Ltd (AMFL) and Brij Bhushan Sabharwal, the company's former whole-time director and Himanshu Agarwal, former non-executive and...
South Korean mobile carriers fined $25.4 mn for false ads on 5G speed
IANS 24 May 2023
South Korea's antitrust regulator said on Wednesday it has decided to fine the country's three mobile carriers a combined 33.6 billion won ($25.4 million) for their misleading advertisements on the speed of the fifth-generation (5G)...
Free Helpline
Legal Credit
Feedback