Many investors feel safe the moment they see the words “SEBI registered” on a website. That confidence often lowers caution. In recent years, regulators have repeatedly taken action against WhatsApp- and Telegram-based trading advice, particularly when money changes hands, and live guidance supplants independent decision-making. These actions show a clear trend: paid messaging-based trading tips attract regulatory scrutiny, regardless of how professional the branding looks.
This blog examines such a situation involving Invesia Research. It starts with what the company states on its website, then explains a reference complaint involving WhatsApp chats and payments, and finally connects the issue to SEBI’s enforcement pattern against WhatsApp/SMS tip operations.
The focus stays on regulatory boundaries and investor awareness, not allegations.
Invesia Research Review
Invesia Research is presented as an investment research firm led by Himanshu Vyas, a SEBI-registered Research Analyst (Registration No. INH000022941).
The firm positions itself as a guide for investors seeking clarity in the markets, with its website highlighting a research-driven approach, structured strategies, and a focus on long-term, sustainable growth rather than short-term speculation.
Across its public pages and disclosures, Invesia Research emphasizes disciplined market analysis, client-centric advisory processes, and transparency around risk. The website also clearly states its SEBI Research Analyst registration and includes mandatory disclosures noting that market investments carry risk and that returns are not guaranteed, an important distinction for investors evaluating research-based services.
However, SEBI’s Research Analyst framework draws a clear boundary. A Research Analyst cannot:
- Provide live trade-by-trade instructions
- Guide entries and exits in real time
- Act like a personal trading desk on WhatsApp
Understanding this distinction is critical to the complaint discussed next.
Invesia Research Complaints
In one of the complaints, an investor described a paid engagement with Invesia Research that later shifted into WhatsApp-based market guidance during live trading hours.
The investor enrolled after making a payment for market-related services, expecting to receive research-based insights consistent with SEBI Research Analyst norms. The payment established a commercial relationship between the parties.
After onboarding, the primary communication moved to WhatsApp. According to the complaint:
- Messages continued during market hours
- Communication involved ongoing interaction, not just static research notes
- Guidance appeared linked to live market movements
The investor relied on these messages while making trading decisions, believing they formed part of the paid service.
As trades moved against expectations, the investor incurred losses. A disagreement followed over whether the WhatsApp communication remained within research-only limits or crossed into assisted trading guidance. This case does not allege fraud. It raises a regulatory boundary question:
Whether paid, ongoing WhatsApp-based communication constituted permissible research delivery or crossed into real-time advisory conduct.
SEBI’s past actions show that paid WhatsApp or SMS-based trading guidance attracts regulatory scrutiny, regardless of disclaimers or website positioning.
What Investors Should Watch Out For?
Investors should pause and reassess when they see:
- Trading guidance is delivered mainly on WhatsApp
- Continuous “what to do now” messaging
- Follow-ups during live market hours
- Payments tied to ongoing chat-based support
None of these automatically proves wrongdoing. But together, they create regulatory risk.
How to Raise a Complaint in Such Cases?
Now in case, a SEBI-registered RA has been involved in violation and misleading advisory practtices, then follow steps below to file a complaint against Research Analyst:
Step 1: Gather Proofs
Save:
- WhatsApp chats
- Payment receipts
- Emails and onboarding messages
- Any research reports received
Step 2: Write to the Entity
Ask clearly:
- What service category applied (research vs live guidance)
- Whether WhatsApp guidance formed part of the agreement
Step 3: Lodge a Complaint in SCORES
File a complaint with Securities and Exchange Board of India through SCORES if:
- Service delivery appears inconsistent with RA rules
- Messaging-based trading guidance continues despite objections
Need Help?
Cases involving WhatsApp trading guidance often fail or succeed based on how clearly the activity crosses regulatory lines.
Contact us; we help investors learn on how to report a fake WhatsApp business account:
- Understand the difference between research and advisory conduct
- Organize WhatsApp and payment evidence properly
- Structure SEBI complaints with the regulatory context
- Filing and representation of the case in arbitration, if required.
The focus stays on process, documentation, and clarity, not emotion.
Conclusion
Invesia Research holds SEBI registration as a Research Analyst.
That fact is important.
But SEBI’s enforcement history shows another truth just as clearly:
Paid WhatsApp-based trading guidance sits under intense regulatory scrutiny, regardless of labels or disclaimers.
For investors, the lesson is simple:
- Do not rely only on website claims
- Watch how services are actually delivered
- Treat live messaging guidance as a compliance warning sign
In regulated markets, what happens in practice matters more than what appears on paper.
