Stock exchange BSE Limited issued a warning to investors regarding Aditya Rishab Mishra, who is reportedly providing unauthorized investment and trading services without the required SEBI registration. The individual is not affiliated with any registered member of BSE Limited, and investors were advised against availing any services offered by him.
Investors were cautioned against sharing their trading credentials with unauthorized individuals to prevent any misuse. BSE highlighted the risks associated with such schemes, emphasizing the absence of investor protection or dispute resolution mechanisms. It urged investors to verify the registration status of intermediaries and advisors on the BSE website.
SEBI also raised concerns about unregistered investment advisory services falsely claiming association with the regulator. To address market abuse, a Market Intelligence portal has been established for market participants to report such activities. SEBI strictly prohibited registered intermediaries from engaging in any form of association with unregistered entities for promotion or advertisement purposes.
