📌 At a Glance:
The Bombay Stock Exchange (BSE) just dropped a nuclear-grade caution alert for retail investors. Two shady platforms — Trade Power and Mahalaxmi Trading — have been caught red-handed peddling illegal trading apps, fake stock tips, and possibly “guaranteed return” dreams. Spoiler alert: they’re not even authorized BSE members.
🚫 The Rogue’s Gallery
| Entity | Names Involved | Contact | Suspicious Links |
|---|---|---|---|
| Trade Power | Sandeep Sharma, Jatin Sharma | 9266558299 | WhatsApp, APK: tradepower.shop |
| Mahalaxmi Trading | Not Named | 6265223031 | WhatsApp, APK: thenkblife.life |
These guys run WhatsApp groups, dodgy Facebook pages, and shady APK trading apps outside SEBI oversight — the classic signs of a “dabba trading” operation.
🧨 Wait, What Is Dabba Trading?
Think of it like cricket betting — off the books, no accountability, and high chances of you getting bowled out.
- ❌ No actual trades on the exchange
- ❌ No SEBI registration
- ❌ No investor protection
- ✅ Plenty of WhatsApp forwards promising 5X returns
And when things go south?
You can’t go crying to SEBI, BSE, or even your maama. You’re on your own.
📢 What BSE Actually Said (a.k.a. The “Are You Dumb?” Notice)
- These entities are not registered members or authorised persons with BSE.
- They are allegedly soliciting funds from investors through unregulated channels.
- Investors are strictly advised not to share their login credentials or passwords with ANYONE.
⚠️ What You’ll Not Get If You Fall For These Scams:
- ❌ No Investor Protection
- ❌ No Dispute Resolution
- ❌ No Grievance Redressal from BSE
Basically, if they ghost you — it’s not BSE’s problem. It’s your problem. 💸
🧠 How to Stay Safe Like a Pro Trader
🛡️ Always verify legitimacy:
| Intermediary | BSE Directory Link |
|---|---|
| Member (Stockbroker) | BSE Member Directory |
| Authorised Person | Other Intermediaries |
| Investment Advisor | BSE Enlisted IA |
| Research Analyst | Registered RAs |
🚩 Red flags =
- APK files instead of proper apps
- WhatsApp-only customer support
- “Assured Returns” (run the other way)
🤡 EduInvesting Take
If it walks like a scam, talks like a scam, and smells like a scam… bro, it’s a scam.
TBH, if you downloaded an app from “thenkblife.life” and expected financial enlightenment, maybe it’s time to meditate instead.
“Dabba trading isn’t just illegal — it’s the Tinder Swindler of investing.”
Stick with SEBI-registered platforms. And remember: the only guarantee in markets is that there are no guarantees.
Tags: BSE Warning, Dabba Trading India, Trade Power Scam, Mahalaxmi Trading Alert, Illegal Stock Apps, Fake Investment Platforms, Investor Safety, SEBI Guidelines, Stock Market Scams India, EduInvesting
