Bombay High Court cracks down on NSE impersonation scams. The court has ordered social media platforms including X and Google to remove fake accounts and websites falsely claiming to represent the National Stock Exchange. The fraudulent accounts were posting misleading stock market guidance to unsuspecting investors. Justice Sharmila Deshmukh emphasized the serious public interest concern, noting that investors could lose substantial amounts based on fake NSE trademark accounts. The order targets fake YouTube channels, websites like nsetrend.com, and domain registrars including Namecheap and GoDaddy. This landmark ruling protects retail investors from trademark infringement schemes designed to deceive them into making investment decisions based on fraudulent content.
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