Beware! Nepal Stock Exchange (NEPSE) Issues Urgent Warning About Fake News and Stock Market Scams
Are you an investor in the Nepalese stock market? Then listen up! The Nepal Stock Exchange (NEPSE) is sounding the alarm about a surge in misleading information and fraudulent activities circulating on social media. This warning is crucial for protecting your investments and ensuring a safe trading experience.
NEPSE has identified a worrying trend of fake news, stock tips, share buying/selling recommendations, and even counterfeit videos/audios related to the stock market appearing across various social media platforms. These activities, according to NEPSE, are designed to deceive the public and can seriously impact the confidence of investors.
It’s important to remember that NEPSE will NEVER provide investment advice or guarantee returns. They will also NEVER dictate specific buy or sell prices. Therefore, any information claiming to do so is almost certainly fraudulent.
NEPSE emphasizes that all official information and announcements are exclusively published on their official website and through their verified social media channels. Be extremely cautious of any information coming from unofficial sources.
The stock exchange has also warned against the unauthorized use of the NEPSE name and logo. Creating websites, apps, or chat groups that mimic NEPSE is illegal and punishable by law.
Protect Yourself from Stock Market Scams
NEPSE is urging all investors to avoid trading based on rumors, incitement, and information from unauthorized chat groups, including platforms like Clubhouse and Telegram.
To safeguard your personal information and investment portfolio, NEPSE recommends:
- Never share your personal details on unofficial platforms.
- Never disclose your passwords to anyone.
- Report suspicious activity immediately. If you encounter any questionable content, share screenshots or links with NEPSE by emailing [email protected].
Staying Informed About Stock Market Trends
For accurate and reliable information on the Nepalese stock market, always rely on the official sources of NEPSE. By staying informed and vigilant, you can protect yourself from stock market scams and navigate the investment landscape with confidence. Stay updated on stock market analysis, market trends, and investment strategies from trusted resources.
