Mumbai, 15 May 2023: It has been brought to the notice of the Exchange that person named “Nilesh Agrawal” associated with “Grow Easy investment” operating through mobile number “9028925615”, is collecting funds from the public and providing assured/guaranteed returns on investment in stock market.
It may also be noted that the above-mentioned person/entity was associated/registered with a Trading Member (TM) as an Authorized Person (AP) and the said association/registration as an AP was subsequently cancelled by the TM. Trading member has filed police complaint against the authorized person.
The investors are cautioned and advised not to subscribe to any such scheme/ product offered by any person/entity offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. 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.
Participation in such prohibited schemes is at investors’ own risk, cost and consequences as such schemes 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:
- Benefits of investor protection under Exchange’s Jurisdiction
- Exchange dispute resolution mechanism
- Investor grievance redressal mechanism administered by Exchange.
Investors are advised to take note of the above.