Agraj was introduced to a broker’s franchisee through a business contact, who assured him of safe trading and guaranteed profits. He never handed over his login credentials directly. Under sustained pressure and repeated verbal reassurance, he was made to log into his own demat account while she watched. That access became the entry point for […]
Neha received a call from a representative of a firm registered with SEBI as a Research Analyst. He offered a trial trade to demonstrate the firm’s capability before asking for any commitment. That trial showed a small profit of about a thousand rupees. On the back of that result, she was asked to pay a
Vishal was contacted by individuals claiming to represent a trading firm, each one using a different first name across different calls. They told him they were SEBI approved analysts, a claim that was never true. They described a client base in the tens of thousands and referenced a certification meant to signal credibility. None of
Rajeev Sant (name changed) is from Amravati, Maharashtra. He told the caller upfront that he had no time to manage trades himself. That single detail is exactly what the firm used to sell him a service it was never allowed to provide. Rajeev received an unsolicited call from a representative of a firm registered with
Samir Deshpande (name changed) is from Solapur, Maharashtra. His account did not lose money slowly. It was emptied, refilled, and emptied again, each time on someone else’s instruction. He was first approached by a broker representative who spent about two weeks sending him profit screenshots before persuading him to open an account. He shared his
Arjun Waghmare (name changed) was first contacted by a representative of his broker who pushed him to open a trading account. He was direct about it. He said he was not interested and would not share access or control of any account. Weeks later, a different representative called, introducing himself as Arjun’s relationship manager. This
Kunal(name changed) received an unsolicited call from a representative of a firm registered with SEBI as a Research Analyst. Before he paid anything, he was shown a demo trade on the representative’s own system. That demo showed a profit of about six and a half thousand rupees. No capital of his was ever at risk
Meenal Rathi (name changed) is a beginner investor from Indore. Her first clue that something was wrong was not a trading loss. It was an invoice with a stranger’s name printed on it. She was contacted by a man who introduced himself as an advisor working for a firm registered with SEBI as a Research
Divyansh Singh (name changed) began receiving calls and messages from representatives of a firm registered with SEBI as a Research Analyst. They offered trading recommendations and pushed him to pay quickly. He paid ₹1,50,000 across five transactions within two days, without clear fee terms explained in advance. The pressure to pay fast left little room
Ritu Singh (name changed) was already nursing losses from earlier trading when a firm registered with SEBI as a Research Analyst called her out of nowhere. They cited their SEBI registration repeatedly as proof of legitimacy. She was told her losses would be covered if she let their team manage her account directly. Trusting the
Mukesh Raj (name changed) received a call from a representative of a firm registered with SEBI as a Research Analyst. The call opened with screenshots of other clients’ alleged profits, sent over WhatsApp to build quick trust. He paid around eleven thousand rupees for an entry-level package. Trading calls followed soon after, and one of
Aman Tiwari (name changed) traded only in cash market stocks. He had no history in futures and options when a firm registered with SEBI as a Research Analyst called him with an offer of a free trial. The trial produced a small profit within days. On the strength of that result, he paid twenty-five thousand
