08-Jun-2023Research Reports

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. Do not to subscribe to any scheme or products/arrangements offered by any entities and person, involving assured/guaranteed returns or unauthorized / unregistered portfolio management/Collective investment schemes.
6. Do not deal with intermediaries not registered with SEBI

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.

The following illicit activities by the persons named herein have come to the notice of Stock Exchanges:

1. A person named Anju Saraf operating through Mobile number 9167389973 and 9223300358 is collecting funds from the public and providing assured/guaranteed returns on investment in stock market.
2. A person named Rahul, operating through mobile number 9881247653 is providing securities market tips for trading in options and assuring/guaranteeing returns on the investment made
3. Persons named Ravi and Nisha associated with entity named Nisha Stocks, operating through mobile number 8755261402, are offering to handle trading accounts of investors by asking investors to share their user ID and password and is guaranteeing returns.
4. Persons named Mira Patel and Ayan Soni, associated with entity named Spider Trading, operating through mobile number 9038145361 and 9038433193, website tradewithspider.com, telegram channel Trade with Spider 3, software named Trade with Spider, is offering to handle trading account of investors by asking investors to share their user id and password and is guaranteeing returns on investment.
5. Person named Pankaj Sonu, associated with entity named Trading Master, operating through mobile number 9306132815 is collecting funds from public for trading in securities market and providing assured/guaranteed returns on investment in stock market. He is also offering to handle trading account of investor by asking investors to share their user ID and password
6. Entities named Shri Parasnath Commodity Private Limited, Shri Parasnath Bullion Private Limited and Faary Tale Trading Private Limited, operating with numbers 9311846594, 8178244970, 9354777452, 9911454997, 8076002410, 011- 43037399, 011- 61331024, 011- 61331028, 011-41320191 with telegram channel named parasnathcommodity, are providing dabba/illegal trading platform with guaranteed returns.
7. Person named Bharat Kumar associated with entity named Trade with Trust operating through mobile number 9773407710 is providing dabba/illegal trading platform with assured returns.
8. Person named Naga Rathnam associated with entity named Wings2Trade, operating through mobile number 9063288999 is offering to handle trading account of investor by asking investors to share their user ID and password.
9. Person named Archana Patel associated with entity named Piramid Solution, operating through mobile number 7016252026 is providing assured/guaranteed returns on investment in stock market and is also offering to handle trading account of investor by asking investors to share their user ID and password.
10. Person named Kirti Patel associated with entities named Decent Wealth Management and Money Forest operating through mobile number 9016478696 and 7862029937 is providing securities market tips and assured/guaranteed returns on investment in stock market.
11. persons named Mr. Nitin Shantilal Nagda and Mr. Narendra V Sumaria are offering dabba trading.
12. person named Jensmon V George operating through mobile number 9995103502 is providing dabba/illegal trading platform with assured profit. He is also offering to handle trading account of investor by asking investors to share their user ID and password.
13. person named Veena associated with entity named Algo Master operating through mobile number 8530550095 and 8530990063, is providing assured/guaranteed returns on investment in stock market and is also offering to handle trading account of investor by asking investors to share their credentials.
14. persons named Ankita Mishra and Vishal operating through mobile number 8237576347, are providing assured/guaranteed returns on investment in stock market.
15. person named Priya associated with entity named Infinity stock operating through mobile number “9925312354”, is providing securities market tips for trading and assuring returns on investment in stock market and offering to handle trading account of investor by asking investors to share their credentials.
16. person named Ankit associated with entity named Algoitech operating through mobile number 7909469707, is providing assured/guaranteed returns on investment in stock market.
17. Vishnu Darak operating through mobile number 9326799992 and Arav Waghmare operating through mobile number “9890130389 are providing dabba/illegal trading platform with assured profit. They are also offering to handle trading account of investor by asking investors to share their user ID and password.
18. person named “Suresh Jani operating through mobile number 9719211234 and persons named Jitu Bhai Marwadi, Sanjay Chaudhari and Sanjiv Raj associated with entity named Divya Drishti Trading Company operating through mobile numbers 7016551035, 7490819040, 7878475182 are providing dabba/illegal trading platform with assured / guaranteed returns.