Fake investors luring people with guaranteed returns and taking their money or personal information isn't a new crime. But it becomes a grave matter when the biggest stock exchange in the country -- the National Stock Exchange -- warns people about not falling victim to an individual.

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Today, one such instance came to light when the national exchange issued a press release warning against a person called Pankaj Sonu.

The press note said that it has been brought to the attention of the exchange that a person named Pankaj Sonu, associated with an entity named Trading Plaster, is operating through a mobile number of 9306132815.      

The exchange further said that the person is collecting funds from people for trading in the securities market and providing assured/guaranteed returns on investment in the stock market.

The person is then asking investors to share their user ID and password on the pretext of handling their accounts.

The release reads, "The investors are cautioned and advised not to subscribe to any such scheme/product offered by any entity/person offering indicative/assured/guaranteed returns in the stock market as the same is prohibited by law. Further, 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."

The release further says that the exchange doesn't approve of any such scheme and that participation in any such prohibited scheme is at investors' own risk.

The NSE said that if investors fall victim to any such scheme and the dispute is reported to the exchange, it will not entertain them with recourse options like the benefits of investor protection under the exchange's jurisdiction, the exchange dispute resolution mechanism, and the investor grievance redressal mechanism administered by the exchange.