Daijiworld Media Network - New Delhi
New Delhi, Dec 30: Stock exchange BSE Limited on Tuesday issued a cautionary advisory to investors, warning them against an individual identified as Aditya Rishab Mishra for allegedly offering unauthorised investment-related services.
In an official release, BSE said the individual is purportedly providing investment and trading recommendations, along with account-handling services, without obtaining the mandatory registration from the Securities and Exchange Board of India (SEBI).
The exchange clarified that the individual is neither a registered member of BSE nor an authorised person of any BSE-registered intermediary. “Investors are advised to note that such individuals or entities are not recognised by the Exchange. BSE provides facilities on its website to verify the registration status of intermediaries,” the statement said.
BSE also urged investors not to share sensitive trading credentials, including user IDs and passwords, with anyone for the purpose of trading or portfolio management, highlighting the risk of misuse and fraud.
Warning about the dangers of such unauthorised schemes, the exchange said they carry significant financial risk and do not offer any investor protection or access to formal dispute resolution mechanisms. Investors were encouraged to verify the registration status of brokers, investment advisers (IAs) and research analysts (RAs) through the official BSE and SEBI platforms.
The exchange reiterated that participation in prohibited or unregistered schemes is entirely at the investor’s own risk, as such offerings are neither approved nor endorsed by BSE.
Separately, SEBI has also issued alerts in recent times about unregistered investment advisory services being run by entities falsely claiming regulatory approval or displaying fake certificates purportedly issued by the regulator.
To strengthen market surveillance and curb abuse, SEBI has developed a Market Intelligence portal that allows market participants to report suspicious activities. The regulator has further barred its registered intermediaries and their agents from associating—financially or otherwise—with unregistered entities for the promotion or advertisement of investment products or services.