Harpreet (name changed) joined an algo trading plan in mid 2025, paying in stages as he moved through starter and upgraded tiers of the service, totalling ₹70,000 over several months. For the first stretch of the relationship, automated signals arrived as promised, timed to specific stocks and quantities, delivered through the app the firm had […]
Vikram (name changed) joined a SEBI-registered research analyst service in early 2025 and paid an initial fee of ₹1,20,000 for a six-month package under one entity. When the six months ended, the same representatives contacted him again, this time under a different firm name with its own separate SEBI registration. He was told the new
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
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
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
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
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
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
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
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
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
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
