It’s one thing to lose money in the markets. It’s another to lose it because someone convinced you to trust them, and then vanished when things went south.
This is the story of Yogesh Gupta. But it’s also a story of how persistence, awareness, and a little help from the right people can turn the tide.
And if you’ve ever felt helpless after falling into the wrong hands in the stock market, this one’s worth reading to the end.
“Sir, just try our demo. You’ll be impressed.”
That’s how it started.
Sometime around February 2024, Yogesh got a call. Polite voice. Confident tone.
The caller introduced himself as part of a reputed research advisory team, claiming they offered expert recommendations in futures and options.
To sweeten the deal, they offered him a few free demo trades. And what do you know, those tips made him a small profit. Around ₹5,000.
The psychology here is textbook: small initial win, trust established, then comes the upsell.
Within days, Yogesh found himself paying ₹56,000 as a service fee to officially subscribe to their calls.
After all, if the demo trades made him money, imagine what the “premium” ones could do.
But then came the crash.
Where was the Guidance Now?
What followed wasn’t just a case of bad trades; it was negligence dressed as expertise.
Calls were made without a proper stop-loss. Targets were vague or non-existent.
And more importantly, there was no accountability when the trades turned red.
Within a short period, Yogesh had lost ₹2.3 lakhs.
All the assurance, the promises, the “we’re here to guide you” disappeared.
The advisory team had switched from being responsive to being evasive. Chats were left on read. Calls went unanswered.
And Yogesh began to realize this wasn’t just a bad investment decision. This was a classic mis-selling trap.
When Yogesh reached out to us
He came to us with a mix of frustration and regret. But also, with hope.
After understanding the case in detail, our team immediately saw the red flags:
- Promises of guaranteed returns (which is a clear violation of SEBI norms).
- IA used informal channels like WhatsApp for communication.
- His team also gave Demo trades to convert clients.
- No proper documentation or transparency about risk management.
We assured him that while the road might take time, there was a way forward.
Our first step was helping Yogesh document the entire sequence.
Then came the strategic part: putting the case together with clarity, evidence, and a demand that wasn’t based on emotion, but on facts and law.
The Pushback and the Process
When we presented the case, the advisory firm responded predictably.
They claimed they never guaranteed profits. That the client knew the risks.
That the amount was charged for “research services” and not for guaranteed returns.
This wasn’t surprising. Most advisors hide behind these words when cornered.
But what helped in this case was the precision of our documentation, and the pattern of mis-selling that we could establish.
We highlighted every promise that crossed the line. Also, we showed how the calls lacked fundamental compliance standards.
We pointed out the violations clearly and firmly.
Our team ensured that the case wasn’t just about money; it was about misuse of trust, misrepresentation, and unethical conduct.
The Turning Point
After multiple rounds of back and forth, the other party eventually agreed to a settlement.
They would refund ₹50,000, not the full amount lost, but a significant recovery. And in most mis-selling cases, that itself is a win.
The payment was to be made in two installments, and both transactions were completed within the agreed timeframe.
For Yogesh, it wasn’t just about the money. It was about being heard.
About not walking away silently. And most importantly, about standing up against someone who thought they could get away with a polished scam.
Why This Matters
This case isn’t unique.
Every week, we come across traders, especially retail investors, who fall into the trap of huge returns, demo trades, fake screenshots, and manipulative sales talk.
Many of them lose money and quietly move on, thinking they can’t fight back.
But Yogesh didn’t. And with the right support, he turned a bad chapter into a meaningful outcome.
Final Thoughts
If you’re reading this and you’ve faced something similar, know this:
You’re not alone.
There are processes. There is a path. And yes, the right process and protocol helps in recovery of losses too.
At our end, we’re committed to helping investors not just understand the market, but protect themselves from the sharks that circle it.
If someone promised you the moon and left you with dust, register with us now.
We’ll help you rebuild, not just the money, but the confidence that the system can still work when you know how to navigate it.
