The Bombay Stock Exchange (BSE) has issued a fresh warning to investors, urging them to be cautious of individuals and entities offering unauthorized investment advice and guaranteed returns in the stock market.
The exchange specifically warned investors against dealing with an individual operating under the name “Ashish Nayak Rocking Investment,” who reportedly provides stock market recommendations through social media platforms.
According to BSE, the person is not registered with SEBI as a Research Analyst and is not authorized to offer such services.
Who Is BSE Warning Investors About?
BSE stated that the entity runs an account on X (formerly Twitter) and a Telegram channel where investment-related recommendations are shared.
However, the exchange clarified that neither the individual nor the entity is registered as a member or authorized person of any BSE-registered broker.
As a result, investors are advised not to subscribe to any scheme, service, or product offered by the entity.
Why Unregistered Investment Schemes Are Risky
One of the biggest concerns with unregistered advisors is the lack of investor protection.
If investors suffer losses after following advice from unauthorized individuals, they may not be able to seek support through official dispute resolution mechanisms provided by stock exchanges or regulators.
BSE warned that anyone investing through such schemes does so entirely at their own risk.
The exchange also reminded investors that promises of fixed or assured returns in the stock market are prohibited under Indian law.
Don’t Share Your Trading Account Details
BSE has repeatedly cautioned investors against sharing sensitive trading credentials with anyone.
This includes:
Trading account user IDs
Passwords
OTPs
Other login credentials
The exchange said that some individuals active on Telegram, Instagram, and other social media platforms claim they can manage trading accounts and generate high profits for investors.
To do this, they often ask investors to hand over account access, which can expose them to fraud and financial losses.
SEBI Has Also Raised Similar Concerns
The Securities and Exchange Board of India (SEBI) has recently warned investors about fake investment advisors and unregistered entities operating online.
According to the regulator, some fraudsters falsely claim to be SEBI-registered by displaying fake certificates or misleading documents.
SEBI has advised investors to verify the registration status of any advisor, analyst, or intermediary before investing money or following investment recommendations.
How Investors Can Protect Themselves
Before acting on any stock market advice, investors should:
Verify whether the advisor is registered with SEBI
Check the registration details on official platforms
Avoid schemes promising guaranteed returns
Never share trading account passwords or login credentials
Be cautious of investment tips shared through Telegram, WhatsApp, Instagram, or other social media channels
If an offer sounds too good to be true, it deserves extra scrutiny.
The Bottom Line
BSE’s latest warning serves as a reminder that investors should deal only with SEBI-registered advisors and authorized market intermediaries.
Unregistered investment schemes, stock tips, and promises of assured returns can expose investors to significant financial risks.
Before investing, always verify credentials and avoid sharing trading account details with anyone claiming to manage your portfolio or generate guaranteed profits.
