I am getting a lot of unsolicited stocks tips SMS messages ever since I opened a trading account, how do I stop these?
Zerodha doesn’t, nor are we allowed to, share client data with third parties.
We've been receiving an increasing number of reports from irate clients who incorrectly assume that we are complicit in leaking their phone numbers to unscrupulous tipsters. We don't. The nuisance of unsolicited and deceptive stock tip SMS messages has reached epic proportions in the past few years. A lot of unwitting investors have invested and lost their hard earned money.
Which is why we've started an initiative "Fighting stock tips", where we want people to join our efforts to curb the menace of unsolicited tipsters. Visit the website to know how you can put a stop to receiving calls & SMS from tipsters, not just for yourself but also for your friends and family.
In the case of you receiving such messages or calls, its best to report the number to TRAI and the exchanges. You can report to TRAI by sending an SMS to 1909 in the below format (Message, phone number from where you received the SMS/call, the date on which you received this)
"Unsolicited SMS asking for investments in some random business, 8553168150, 12/06/2017"
With respect to reporting all such calls from unsolicited tipsters, we suggest you install the TRAI DND 2.0 mobile app. The process of reporting these calls is a simple 1 click process, where the app lets you report from your call log. The link is to download the app is here https://play.google.com/store/apps/details?id=trai.gov.in.dnd
The exchange has also taken interest in fixing the problem of these unsolicited messages and has provisioned reporting them here.
Click here to learn more.