Numerous imitators are emerging in the stock brokerage industry in response to Zerodha and Angel One's enormous success. The National Stock Exchange (NSE) stated on Friday that they are taking advantage of illegal tactics to profit from the two reputable brokers' brand value and reputation.
Suman Mahajan, Susmita Nag, and Tushar Kanti Mondal are three individuals who take money from unwary investors and promise them rewards on their stock investments. Angel One and Zerodha both voiced complaints about them and their entities in the conversations. The NSE has advised investors not to do business with these organizations in light of this.
The exchange has been informed that Suman Mahajan, Susmita Nag, and Tushar Kanti Mondal are soliciting funds from the public under the names Angel One Industry, Zerodha Industry, Dream Solution, Dream Solution Stock Broking Services, Natural Health Care, Health Solutions, and Natural Health Care and Hospitality and offering assured/guaranteed returns on investment and unlicensed portfolio management services in the stock market.
According to the exchange's website, Angel One and Zerodha Broking are registered trading members who have told the exchange that these firms are not affiliated with them
