On July 29, 2024, four people contacted SMIFS Limited on the same day. Vikash. Kinza Afeef. Sachin Gupta. Gulam Mudassir. Each one reported the same thing. An app called SMIFSMAX had taken their money. WhatsApp groups run by people claiming to represent SMIFS Limited had convinced them to invest. They transferred funds into personal bank […]
Rajan (name changed) had been saving for eleven years. He was careful with money. He researched before every decision. So when he opened a trading account, he felt confident. The relationship manager was polished. The onboarding was smooth. Everything felt professional. Then sixty days passed. Unexpected interest charges appeared on his ledger. Calls to customer
You saw a forward in a WhatsApp group. Or maybe an Instagram reel showed up in your feed. “Free Telegram group. Expert calls. 95% accuracy. Join now.” You joined. The first few calls looked good. Then the pitch arrived. “Premium group mein aao. Sure-shot calls. Zero risk. Daily guaranteed income.” So you paid. You followed
He had seen the advertisement in a newspaper and, a month later, walked into the office to meet them in person. It looked real, a rented office, confident men, a promise that stuck in his head: “Hum stock mein kaam karte hain, index nahi karte.” They told him the safe game was stocks, that they
You finished the trade. You checked your balance. Something felt off. The deduction looked bigger than it should. You pulled up the contract note. The numbers still did not make sense. You asked your broker. The reply came back vague. Or it did not come back at all. Maybe you even noticed your broker asking
Have you paid money to Supreme Investrade and ended up losing money instead of making the profits you were expecting? Maybe you were shown screenshots of successful trades. Maybe you were told that your losses could be recovered if you upgraded to another package. Or perhaps you were encouraged to invest more money after an
They showed profit screenshots. They looked convincing. First, +₹68,195 appeared. Then, +₹1,01,866 followed. The numbers and the trades looked real, and the proof appeared strong. So you subscribed to the RA services. Maybe ₹12,500 for a month. Maybe ₹75,000. Or the full ₹1,51,000 Platinum Plan. You followed the calls. You waited for those results. They never came. And
Searching for “Neha Vijay Sondhi SEBI registered” before making a payment? You’re not alone. Many investors only start checking registration details after seeing trading advertisements, WhatsApp messages, performance screenshots, or subscription offers from Stock Wise IQ. Before you trust any advisory service with your money, it’s important to verify the registration, understand the risks involved,
You paid for tips from an IA that were supposed to make you money. Instead, every call hit stop-loss. Or arrived too late to act on. Or came with a vague target and no rationale. You asked questions. Nobody answered. You asked for a refund. The number stopped working. Now you are sitting with a
You received the call. You entered the trade. Then the price dropped, and the SEBI advisor had no exit plan for you. You waited for guidance. Nothing came. Just a losing position, a silent advisor, and a balance that kept shrinking. This is one of the most widespread violations in India’s advisory space. And most
You saw a trade you never placed. Or money disappeared from your balance with no explanation. Or you tried to withdraw your own funds, and they just did not come. And then Groww’s support team gave you a vague reply. Or closed your ticket. Or sent you an automated response that answered nothing. Now you
Mohd Arif Shaikh lost ₹85,000 in 20 days. Not to the market. To an employee at SMIFS Limited’s Mumbai branch. When he brought it to management, he expected accountability. Instead, management sided with the employee. Not with him. Not with the person whose money had disappeared. He ended his public review with one direct request:
