The National Stock Exchange (NSE) warned investors on Friday about an entity promising guaranteed returns on stock market investments. This notice followed complaints about Amit Lilhare, an authorized person of a registered stock broker, who was offering assured returns and collecting commission in personal bank accounts. The NSE is taking disciplinary actions against this trading member. In February, Sebi also advised investors to avoid unregistered entities offering guaranteed or exceptionally high returns. This alert highlights the risks and emphasizes the need for cautious investment practices.
NSE Warns Investors Against Guaranteed Return Schemes
