NSE cautions against Algoitech Information Technologies entity offering assured returns in stock market trading

NSE vide circular dated 18 September 2023 has cautioned Investors about entity named “Algoitech Information Technologies” providing assured/guaranteed returns on investment in forex market. 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:

1. Benefits of investor protection under Exchanges Jurisdiction
2. Exchange dispute resolution mechanism
3. Investor grievance redressal mechanism administered by Exchange