26-Sep-2022

Beware of fraudulent tips, unauthenticated news and advice on stock market.

At BOB Capital, your account security is our topmost priority. Beware of receiving fraudulent communications, unauthenticated trading tips and unsolicited calls on trading in stocks from unverified sources, received through Whatsapp, Telegram, SMS, Calls, etc and take an informed decision before investing.

What should you do if you receive a trading tip over phone or SMS?

•              Please verify the authenticity of the caller, at the slightest doubt, desist from acting on such calls or tips
•              Ensure you are registered on the TRAI DND. To know more about blocking commercial marketing calls, click here
•              Report any unsolicited stock tip or marketing call to TRAI and your service provider

Report unsolicited messages to the Stock Exchange on +91 8291833676 or on designated email id i.e. feedbk_invg@nse.co.in.
Please  visit here  to understand better.

Valued Customer,

BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:

•   Do not act on dubious advice received via SMS/call /social media
•   Do not share Login Credentials or Passwords with anyone

ALWAYS AVOID

1. Sharing of trading credentials – login id & passwords including OTP’s.
2. Trading in leveraged products like options without proper understanding, which could lead to losses
3. Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks
4. Dealing in unsolicited tips through Whatsapp, Telegram, YouTube, Facebook, SMS, calls, etc.
5. Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers.

Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits. Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns. Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices. At times, the holdings of customers are sold at prices detrimental to the customer.

The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.

We would like to caution you against such fraudulent calls and SMSes and urge you to be alert. Follow the golden rule:

Do not share your Login Credentials or Passwords with anybody

BOBCaps employees / representatives never ask for your password.