Quick Summary
NSE has cautioned investors against a person called Sanjeev Kumar, who runs a Telegram channel named LEAVERAGE CONSULTANTS and offers securities market tips, guaranteed returns and account handling services. The channel operates with no registration as an NSE member or Authorised Person. NSE also flags a detail worth noting, the same page that lists registered brokers also shows their official client bank accounts, so investors can check whether any account they’re asked to pay into actually matches. If a dispute arises here, NSE says none of its investor protection or grievance mechanisms will apply.
NSE’s press release, dated September 7, 2026, names a person called Sanjeev Kumar.
He operates through a mobile number, 8233237302, and a Telegram Channel called LEAVERAGE CONSULTANTS.
According to the notice, this channel is providing securities market tips, assured or guaranteed returns, and account handling services.
NSE states plainly that this person is not registered, either as a member or an Authorised Person of any registered member of the exchange.
Why Guaranteed Return Promises Are Illegal?
NSE’s notice is specific here: offering indicative, assured or guaranteed returns on stock market investment is prohibited by law.
Stock prices move up and down. Nobody, registered or not, can lawfully promise you a fixed profit from trading in listed securities.
Any pitch built around a guaranteed percentage, a fixed monthly income, or doubling your money is making a claim the law simply doesn’t allow.
This detail alone is often enough to spot a prohibited scheme, well before you check anyone’s registration.
The Account Handling Risk Behind This Telegram Channel
Alongside tips and guaranteed returns, NSE’s notice flags this channel for offering account handling services.
That typically means being asked to hand over your trading login ID and password so someone else can place trades for you.
NSE specifically advises investors not to share their trading credentials such as user ID or password with anyone.
Once someone else has your login, there’s no reliable way to prove afterward which trades were genuinely yours.
Why NSE Wants You To Check The Bank Account Before You Pay?
This notice includes a detail worth paying close attention to: designated client bank accounts.
NSE says every registered trading member discloses its official client bank accounts to the exchange, for receiving or paying investor money.
These accounts are displayed on the same “Know/Locate your Stock Broker” page used to check registration status.
In practice, that means before you transfer money to any account someone gives you, it’s worth confirming it actually matches what’s officially disclosed.
Is LEAVERAGE CONSULTANTS Registered With NSE Or SEBI?
No. NSE’s notice states that the person operating this Telegram channel is not registered, either as a member or Authorised Person of any registered member of the exchange.
That means there is no SEBI or exchange oversight behind the tips, the guaranteed return claims, or the account handling offer described in this notice.
What You Give Up If You Deal With This Channel Anyway
Participation in such schemes is entirely “at investors’ own risk, cost and consequences,” since NSE neither approves nor endorses them.
If a dispute arises, NSE says none of the following will be available: investor protection under the exchange’s jurisdiction, the exchange dispute resolution mechanism, or the investor grievance redressal mechanism.
In plain terms, if you lose money here, there is no exchange-backed process to help you get it back.
How To Verify A Broker Or Bank Account Yourself?
NSE’s free tool, “Know/Locate your Stock Broker,” is available at nseindia.com/invest/find-a-stock-broker.
It lists every registered trading member, their Authorised Persons, and the client bank accounts they’ve disclosed to the exchange.
Before following any tip provider or paying into any account, it takes just a couple of minutes to check both.
How to File a Complaint Against Unregistered Entities?
LEAVERAGE CONSULTANTS and Sanjeev Kumar are not registered with NSE or SEBI, so the standard routes built for disputes with a registered broker, adviser, or exchange member don’t actually apply here.
SEBI’s own SCORES portal is built specifically for complaints against registered entities, so it doesn’t apply in this case either.
For an unregistered operator like this, a complaint to SEBI has to go through a direct email instead, not through SCORES.
Since this also involves a Telegram channel and possible account handling, it counts as a cybercrime matter, which does have a clear, dedicated process.
The fastest way to understand your options is to check where to report cyber crime before doing anything else.
Once you know where to file, the actual process matters just as much as the destination.
This walkthrough on how to file a cyber crime complaint covers the steps end to end, including what evidence to gather first.
Filing is only the first step though, and knowing what happens next helps set the right expectations.
This guide on cyber crime complaint status explains what each stage of your complaint actually means.
Conclusion
This is another case where the pattern is familiar: tips, promised guaranteed profits, and a request to hand over trading access, all outside any registration NSE or SEBI can actually verify.
What makes this notice worth remembering is the reminder about bank accounts, since the same tool used to confirm a broker’s registration also shows their disclosed client accounts.
Before acting on a tip or sending money anywhere, spend two minutes checking both. That single habit could be the difference between a normal trade and money you never see again.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
NSE's notice says the channel, run by Sanjeev Kumar, provides securities market tips, guaranteed returns and account handling services with no exchange registration.
No. NSE's notice confirms he is not registered as a member or Authorised Person of any registered member.
Because registered brokers' official client bank accounts are displayed on the same page used to check their registration status, so investors can cross-check both.
No. NSE states that its investor protection, dispute resolution and grievance mechanisms do not apply to unregistered schemes like this one.
No, it's prohibited by law regardless of who offers it or how it's packaged.
Use NSE's free "Know/Locate your Stock Broker" tool at nseindia.com/invest/find-a-stock-broker before trusting any tip or payment request.
Refuse. No registered broker's terms of service permit sharing your credentials with anyone.
Add us as a preferred source on Google »
