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HomePersonal FinanceNSE New Advisory: NSE advisory for trader/investor against 'Dabba Trading’

NSE New Advisory: NSE advisory for trader/investor against ‘Dabba Trading’

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In our continuous effort to keep you safeguarded from the market related frauds and increase awareness while conducting trades, we request you to go through the advisory issued by NSE and would request you to ensure that you do not engage with the individuals/entities mentioned below.

NSE has issued a press release dated January 17, 2023 w.r.t. Facebook pages claiming to provide ‘Dabba Trading’ services. Investors are cautioned and advised not to subscribe to any such scheme/product offered by such Facebook handles in the stock market as the same is prohibited by law.

The list of the Facebook pages is as below:

Facebook page/group name Facebook Account Link
Best Dabba Trading Meta Trader5 https://www.facebook.com/groups/dabba.trading.brokers/members
DABBA TRADE ZONE https://www.facebook.com/groups/612137120197898
DABBA TRADING – START WITH MIN DEPOSITE https://www.facebook.com/groups/440572396005253
Dabba Trading https://www.facebook.com/groups/137595226904093
DABA TRADING https://www.facebook.com/groups/975014033868213
Dabba Trading https://www.facebook.com/groups/800115941051288
Dabba Trading Commodity and F/O https://www.facebook.com/groups/1718910684989141
Dabba Trading Elites https://www.facebook.com/groups/4817518621710610
Dabba Trading https://www.facebook.com/groups/698296791032104
Dabba Trading https://www.facebook.com/groups/533510521233238
Dabba Trading https://www.facebook.com/groups/358950651183133
Dabba Trading https://www.facebook.com/groups/848225132906782
Dabba Trading https://www.facebook.com/groups/358950651183133
Karan dabba trading https://www.facebook.com/groups/226799071955210
MarketBox Dabba Trader https://www.facebook.com/groups/dabbatrading
NIFTY AND BANKNIFTY OR DABBA TRADING https://www.facebook.com/groups/3275840722662960
Online Dabba Trading https://www.facebook.com/groups/545463664285157
Pro Dabba Traders https://www.facebook.com/groups/888530738942544
Shareking Dabba Trading https://www.facebook.com/groups/409938260983204
VITAMIN DABBA TRADING https://www.facebook.com/groups/235899199167854
Dabba Trading (Premium) https://www.facebook.com/groups/756115405446752
Dabba trading broker in mcx and equity https://www.facebook.com/groups/1423094551257465
Dabba Trading https://www.facebook.com/groups/3128112997228362
MCX DABBA TRADING https://www.facebook.com/groups/386722402577142
DABBA TRADING MCX NES https://www.facebook.com/groups/1590905248020653
DABBA TRADING https://www.facebook.com/groups/2837074636437363
DABBA TRADING https://www.facebook.com/groups/239178429612858
trading-9427895389 https://www.facebook.com/groups/169458739803371
Online Dabba Trading App https://www.facebook.com/groups/dabba.trade
Online Dabba Trading and Algo Strategy https://www.facebook.com/groups/4325766124136345
ONLINE DABBA TRADING GROUP https://www.facebook.com/groups/650161266812205
NSE MCX Dabba Odien Live Trading Software https://www.facebook.com/groups/506064460226088
Dabba trading https://www.facebook.com/groups/990697605154925
Online Dabba trading https://www.facebook.com/groups/373474884273249
Dabba trading https://www.facebook.com/groups/750029942119613
Dabba trading in commodities https://www.facebook.com/groups/360423790715973
DABBA TRADING MCX NSE https://www.facebook.com/groups/5282992678467209
DABBA TRADING PLATFORM https://www.facebook.com/groups/233865366156784
DABBA TRADING NSE MCX NCDEX MCXsx https://www.facebook.com/groups/548943881860995
DABBA TRADER https://www.facebook.com/groups/281734357051465

Investors are cautioned and advised NOT to trade on such illegal trading platforms. Participation in such prohibited schemes/platforms is at investors’ own risk, cost and consequences. Further, investors are advised not to share their trading credentials such as user id/ password/OTP/PIN with anyone.

In terms of Sections 23(1) of Securities Contracts (Regulation) Act, 1956 (SCRA), any entity/person who contravenes sections 13,16,17 or 19 of the SCRA shall be prosecuted and on conviction, he shall be punishable with imprisonment for a term which may extend to ten years or with the fine up to twenty-five crores or with both. As per Section 25 of SCRA, offences punishable under section 23 are cognizable offences within the meaning of Code of Criminal Procedure,1973 and as such can be investigated by state law enforcement authorities also. In addition to being violative of the securities laws, dabba trading also falls within the purview of Section 406,420 and Section 120-B of Indian Penal Code,1870.

Accordingly, we would request you to be cautious and ensure that you do not engage in any activities with such persons/entities.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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