Mumbai, June 2023 It has been brought to the notice of the Exchange that person named “Madhorao” associated with an entity named “Tirumala Trade” operating through the mobile number “8459828236” is providing assured/guaranteed returns on investment in the forex market.
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 forex 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 the Exchange’s Jurisdiction
- Exchange dispute resolution mechanism
- Investor grievance redressal mechanism administered by Exchange
Investors are advised to take note of the above.