It has been brought to the notice of the National Stock Exchange of India Ltd. (NSE / Exchange) that a person named “Lovepreet Singh” associated with an entity named “Trade Future” operating through mobile numbers “7046957990” and “8156094649”, YouTube Channel “https://www.youtube.com/@anurag_trads” & YouTube video “https://www.youtube.com/watch?v=3Kzp5JbpEok”, Telegram ID “@Tradefuture01”, Whatsapp Channel named “Trade Future Premium Group” “https://whatsapp.com/channel/0029VbAk050IHphNMTN1Fk33”, application “https://bit.ly/4kLs9sp” and website “https://tradefuture.live/login” is providing assured/guaranteed returns on investment in stock market and dabba/illegal trading services.
Investors are cautioned and advised not to subscribe to any scheme/product offered by any person/entity in the stock market as the same is prohibited by law. Exchange has provided a facility of “Know/Locate your Stock Broker” under the link “https://www.nseindia.com/invest/find-a-stock-broker” on its website, to check the details of the registered member and its Authorised Persons. It may also be noted that this person/entity is not registered either as a member or Authorised person of any registered member of the Exchange. A police complaint has been lodged in this regard.
In terms of Sections 23(1) of Securities Contracts (Regulation) Act, 1956 (SCRA), any entity/person who contravenes Sections 13, 16, 17 or 19 of the SCRA shall be prosecuted and on conviction, he shall be punished with imprisonment for a term which may extend to ten years or with fine up to Rupees Twenty-five crores or with both. As per Section 25 of SCRA, offences punishable under Section 23 of the SCRA are cognizable offences within the meaning of Bharatiya Nagarik Suraksha Sanhita, 2023 and as such can be investigated by state law enforcement authorities also. In addition to being violative of the securities laws, dabba trading also falls within the purview of Section 316, 318 and Section 61 of Bharatiya Nyaya Sanhita, 2023.
The consolidated list of Press Releases issued by Exchange is available on the NSE website under the link “https://www.nseindia.com/invest/advisory-for-investors”. Investors are cautioned and advised not to trade on such illegal trading platforms. Participation in such illegal platforms is at the investor’s own risk, cost and consequences as such illegal trading platforms 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
1. Exchange Dispute Resolution Mechanism
2. Investor Grievance Redressal Mechanism administered by Exchange
3. Investors are advised to take note of the above
*Issued in interest of investors*
