The National Stock Exchange (NSE) has issued a serious warning to investors and clearing members, urging them to beware of fraudulent activities involving fake circulars sent in the name of NSE Clearing Limited (NCL). These fake circulars are being used to trick investors into making payments with false threats of freezing their accounts.
Rising Scam Targeting Investors Through Fake Emails
According to a press release from NSE, scammers are using fake emails and letters, complete with NCL’s logo and letterhead, to make their communications look official. These fraudulent messages threaten to freeze the investment accounts of unsuspecting investors and demand payment through links provided in the emails or letters. The exchange has made it clear that this entire scam is designed to deceive and cheat investors out of their money.
NSE’s Strong Advice: Don’t Trust Unverified Information
To prevent these scams from affecting more investors, NSE has advised the public to verify any information they receive, especially if it claims to come from NCL. The exchange emphasized that all official communications are posted on the official NSE Clearing website. If investors receive any emails or letters that seem suspicious, they should not trust them immediately. Instead, the authenticity of the information should be verified from the official website.
Risks and Red Flags of Fake Circulars
The risks associated with these fake circulars are severe, and investors need to be aware of the following:
- Pretending to be official: The scammers use NCL’s logo and letterhead to make their communications appear genuine.
- Fraudulent intent: The sole purpose of these fake circulars is to mislead investors and defraud them of money.
- False information: Investors may be tricked into making payments through fake links provided in these fraudulent emails and letters.
NSE’s Message to Investors: Stay Alert and Report Suspicious Activity
In light of this rising scam, NSE has strongly urged investors to stay vigilant and not to react to any suspicious circulars or communication. If they receive any emails or letters that seem out of place or suspicious, they should report them immediately to the concerned authorities.
Additionally, NSE Clearing Limited (formerly known as National Securities Clearing Corporation Limited (NSCCL)) ensures that all important updates and circulars are made available only on their official website. Investors are urged to trust only official sources and to always verify any information they receive, especially those asking for payments or threatening actions.
About NSE Clearing Limited
NSE Clearing Limited, a subsidiary of NSE, was the first clearing corporation in India to introduce a settlement guarantee. It plays a crucial role in ensuring secure and smooth settlements in the stock market and is recognized by SEBI as a Qualified Central Counterparty (QCCP). As an important player in the financial market, NSE Clearing emphasizes that it’s critical for investors to stay aware and cautious to avoid falling victim to such scams.
Investors should always confirm the authenticity of any communication received from NCL and make sure it is verified on the official NSE Clearing website before taking any further action.
