May 18, 2024

NSE warns investors about a person associated with entity “Piramid Solution” and “Wings2Trade”

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Mumbai, 06 April 2023: It has been brought to the notice of the Exchange that 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.

The investors are advised not to share their trading credentials such as user id/ password with anyone. It may also be noted that the said person/entity is not registered either as a member or authorized person of any registered member of the National Stock Exchange of India Limited.

Sharing of trading credentials is at investors’ own risk, cost and consequences as such practices are neither approved nor endorsed by the Exchange.

The investors may note that for any kind of disputes relating to such prohibited schemes none of the following recourses will be available to investors:

  1. Benefits of investor protection under Exchange’s Jurisdiction
  2. Exchange dispute resolution mechanism
  3. Investor grievance redressal mechanism administered by Exchange.

 

Investors are advised to take note of the above.