BSE cautions investors against schemes involving prize monies

Cautioning investors against schemes offered by third party or group company involving prize monies, top stock exchange BSE today said participation in such schemes is at investors' own risk and these are neither approved nor endorsed by the exchange.
"BSE is issuing this investor alert to warn investors about leagues/schemes/competitions etc... Offered by third party or group company /associate of stock broker, which may involve distribution of prize monies," the exchange said in a circular.
"Participation in such schemes is at investors' own risks, cost and consequences. Such schemes are neither approved nor endorsed by exchange," it added.
As per the circular, for disputes relating to such schemes, recourses such as stock exchange dispute resolution mechanism, investor grievance redressal mechanism administered by stock exchange, and benefits of investor protection under Sebi/Stock Exchange jurisdiction, will not be available to investors.

"Sharing of confidential and personal trading data etc by investors in such schemes shall be at investors' own risks, cost and consequences," BSE said.