The National Stock Exchange of India (NSE) has cautioned investors against six individuals or entities allegedly offering stock market tips, assured or guaranteed returns, account-handling services and illegal ‘dabba’ trading through Telegram, YouTube, Facebook, websites and mobile applications.
The warnings were issued between 4th September and 10 September 2026 and cover separate instances involving individuals and entities identified as Nitin Kumar, Vicky Dhakad, Govind Malkhan, Sanjeev Kumar, Akhil Singh, Nitin and two entities or individuals identified as Ganesh Nagarsekar and persons claiming to be associated with an entity called ‘Stock Dost’.
In a press release dated 4 September 2026, NSE said a person identified as Nitin Kumar was operating through operating through mobile number ‘7052850220’ and Telegram channel named ‘DEMAT ACCOUNT HANDLING SERVICE’ and offering securities market tips, assured or guaranteed returns and account-handling services while asking investors to share their login ID and password. NSE said the individual is not registered either as a member or an authorised person of any registered member of the Exchange.
On the same day,
the Exchange cautioned investors against Vicky Dhakad, who was allegedly operating through a mobile number ‘7000354523’ and a YouTube channel named ‘Ai Trading Stock Market Broker’ and a website having the link trademyworld.world/themes/premium/, offering assured or guaranteed returns, account-handling services and dabba/illegal trading services. NSE said Vicky Dhakad is not registered as a member or authorised person of any registered member of the Exchange and that a police complaint had been lodged.
NSE also highlighted the legal consequences associated with dabba trading. It said that under Section 23(1) of the Securities Contracts (Regulation) Act, 1956 (SCRA), contravention of Sections 13, 16, 17 or 19 can attract prosecution and, on conviction, imprisonment of up to 10 years, a fine of up to ₹25 crore, or both. The Exchange further stated that such offences are cognizable under the Bharatiya Nagarik Suraksha Sanhita, 2023 and that dabba trading may also fall within Sections 316, 318 and 61 of the Bharatiya Nyaya Sanhita, 2023.
On 7 September 2026,
NSE issued another warning against Govind Malkhan, who allegedly claimed to be associated with an entity called ‘Wealth Trade’ operating through mobile number 9899392161 application having link ‘wealthtrading.xyz/wealthtrading.xyz.apk’, website link ‘wealthtrading.xyz’ and Facebook Group named ‘Dabba Trading’ having link ‘www.facebook.com/groups/803579141565416/. According to the Exchange, the person was offering assured or guaranteed returns, account-handling services and dabba/illegal trading services through an application, website and a Facebook group named ‘Dabba Trading’.
The same day,
NSE cautioned investors against Sanjeev Kumar, who was operating through a mobile number ‘8233237302’, Telegram channel named ‘LEAVERAGE CONSULTANTS’. The Exchange said the person was offering securities market tips, assured or guaranteed returns and account-handling services, despite not being registered as a member or authorised person of any registered NSE member.
On 8 September 2026, the Exchange issued two further investor cautions.
The first concerned Akhil Singh, operating through mobile number ‘9582675129’, Facebook group named ‘Dabba Treading’ having link ‘facebook.com/groups/306790171662455/’, APK link ‘metapro.info/metapro.info.apk’ and website link ‘metapro.info/’ allegedly providing dabba or illegal trading services.
The second warning concerned a person identified as Nitin, operating through mobile number 8769937340 and a Telegram channel named ‘Demat Account Management handling’. According to NSE, the person was offering securities market tips, assured or guaranteed returns and account-handling services while asking investors to share their login ID and password.
In its latest press release dated 10 September 2026, NSE cautioned investors against a person named Ganesh Nagarsekar, who was allegedly operating through Telegram channels named ‘INTRADAY HERO ZERO TRADING’ and ‘Trade With Logic’, as well as a Telegram ID named ‘Paid Group Advisor’. The Exchange said Mr Nagarsekar was providing securities market tips and assured or guaranteed returns on investments in the stock market.
NSE has advised investors not to subscribe to schemes or products promising indicative, assured or guaranteed returns in the stock market, as such offers are prohibited by law. It has also specifically warned investors against sharing trading credentials, including user IDs and passwords, with anyone.
The Exchange has asked investors to verify whether a person claiming to provide stock broking or related services is genuinely associated with a registered intermediary. Its ‘
know/locate your stock broker’ facility enables investors to check registered members and their authorised persons. The facility also displays designated client bank accounts disclosed by trading members for receiving or paying money to investors.
NSE has further warned that investors participating in such prohibited or illegal schemes do so at their own risk, cost and consequences, as these platforms and schemes are neither approved nor endorsed by the Exchange. Importantly, investors involved in such schemes would not have access to benefits of investor protection under the Exchange's jurisdiction, the Exchange's dispute resolution mechanism or its investor grievance redressal mechanism.
The repeated warnings underline the risks posed by unregistered operators using social-media channels and digital platforms to lure investors with the promise of easy or guaranteed stock market profits. Investors should verify the registration status of any intermediary before transferring money, sharing trading credentials or allowing another person to handle their trading account.
Citrus Check Inns: SEBI Slaps ₹25 Lakh Penalty on 3 Directors for Continuing Collections from Investors despite Ban
Moneylife Digital Team
31 August 2026
Market regulator Securities and Exchange Board of India (SEBI) has imposed a ₹25 lakh penalty jointly and severally on three directors of Citrus Check Inns Ltd (CCIL) for continuing to collect money from investors despite prohibitory...
The Guarantor’s Gambit: Subhash Chandra, Mukesh Ambani, and a ₹22,000-Crore Word War
Mumbai, 28 August 2026. Four short paragraphs, a corporate letterhead, and a closing line better suited to a condolence card than a rebuttal: an expression of high regard for Subhash Chandra as a businessman and entrepreneur, and a...
SEBI Launches Cyber Suraksha Portal To Strengthen Cybersecurity Awareness among Market Participants
Moneylife Digital Team
25 August 2026
Market regulator, Securities and Exchange Board of India (SEBI), has launched a cyber suraksha portal as part of its cybersecurity initiative to strengthen awareness and information sharing across the securities market.
According...
92% of Aggregate Losses Incurred by Individuals Are from Options Trading: SEBI Study
Moneylife Digital Team
21 August 2026
The Securities and Exchange Board of India (SEBI) has found that 87.7% of individual traders in the equity derivatives segment incurred losses in FY25-26, even as overall retail participation and aggregate losses declined during the...
