Daijiworld Media Network - New Delhi

New Delhi, Nov 27: The Bombay Stock Exchange (BSE) has alerted investors about an unauthorised entity, EZInvest, which is allegedly circulating investment and trading recommendations while collecting funds from the public to trade in equities.

In a circular, BSE stated that EZInvest is not registered with SEBI or the Exchange and warned investors to verify the credentials of any adviser before acting on their advice. “These entities or individuals are neither registered as members nor as authorised persons of any registered member of BSE Limited,” the Exchange noted, urging investors to use official channels to confirm intermediary registration.

BSE also cautioned against subscribing to schemes or products that promise indicative or guaranteed returns in the stock market, noting such practices are prohibited by law.

This warning follows a recent advisory from BSE regarding miscreants using photos of its officials to create fake social media accounts offering misleading wealth advisory services. The Exchange clarified that BSE officials do not initiate or endorse any wealth management or advisory services, and investors should avoid being misled by fraudulent social media handles.

“Investors are urged not to rely on any stock/share recommendation from such fake accounts and should verify the source before making investment decisions,” the BSE stated.