Is Siddhant Suresh Chandan SEBI Registered? That’s the first question many traders ask after coming across stock tips, Telegram channels, or trading advice linked to his name online.
And honestly, it’s the right question to ask before trusting anyone in the stock market with your money.
Today, self-proclaimed market experts flood social media with promises of quick profits, premium calls, and “sure-shot” trading strategies.
Some appear highly convincing online, but that doesn’t automatically mean they are legally authorised to provide investment or trading advice.
One such name that has caught attention is Siddhant Suresh Chandan.
This blog explains who Siddhant Suresh Chandan is, whether he holds a valid SEBI registration, what SEBI records say, and what affected investors can do next.
Is Siddhant Suresh Chandan SEBI Registered or Not?
Short answer: No. Siddhant Suresh Chandan is not SEBI registered.
He has never held a valid registration as an Investment Adviser or Research Analyst under SEBI regulations.
Despite this, he was actively providing investment advisory services to clients, charging them fees, giving market tips, and even handling their demat accounts. He did all this without obtaining the registration required under Indian securities law.
Under SEBI’s Investment Advisers Regulations, 2013, any individual or entity that provides investment advice, including stock tips, buy/sell recommendations, or portfolio management guidance, must be registered with SEBI before offering such services.
Operating without this registration is a direct violation of the law.
You can verify the registration status of any investment adviser or research analyst on SEBI’s official website at sebi.gov.in. Siddhant Suresh Chandan’s name does not appear as a registered entity.
That alone should be reason enough to stay cautious. But the story goes further.
SEBI Order Against Siddhant Suresh Chandan
SEBI did not just quietly flag this case; it issued a formal enforcement order against Siddhant Suresh Chandan on 15 March 2023, after receiving complaints from investors. This case stands as a strict example of ongoing SEBI action against unregistered investment advisors who operate outside the legal framework.
The order was passed by Dr. Anitha Anoop, Chief General Manager (CGM) of SEBI’s Western Regional Office.
SEBI received two investor complaints alleging that Siddhant Suresh Chandan was running a Telegram channel called ‘NO – Bank.Nifty.Options’. The channel was offering paid stock market tips and trading advice to subscribers.
The complaints alleged that:
- He was charging fees ranging from ₹3,000 to ₹25,000 for market-related tips.
- He was promising guaranteed returns of up to 200%.
- He was operating demat accounts of clients after obtaining their login IDs and passwords.
SEBI looked into his bank account transactions and found a significant number of credit entries with descriptions directly related to stock market activity and securities trading, contradicting his claim that the money came from personal loans or a drop-shipping business.
His bank accounts held a combined balance of approximately ₹4.09 crore and ₹7 lakh across two accounts.
Violations by Siddhant Suresh Chandan
SEBI’s order clearly established the following violations:
- Providing unregistered investment advisory services: Operating as an investment adviser without obtaining mandatory SEBI registration, violating the SEBI (Investment Advisers) Regulations, 2013
- Charging fees without registration: Collecting money from clients for stock tips and trading advice, which is illegal without SEBI approval
- Handling client demat accounts: Accessing and trading in clients’ demat accounts using their login credentials, a serious violation that goes beyond mere advisory services
- Promising guaranteed returns: Assuring investors of returns up to 200%, which is a fraudulent and misleading practice prohibited under SEBI regulations
- Violating SEBI Act provisions: Acting in a manner that defrauded investors and operated outside the regulatory framework
Penalty
Since Chandan accepted the violations, SEBI issued the following directions:
- Refund all fees collected from clients in connection with the advisory services
- Pay a monetary penalty of ₹2 lakh within 45 days of the order
- Refrain from the securities market for two years, a ban from participating in any capacity as an investment adviser
This order was issued on 15 March 2023, under case reference QJA/AA/WRO/WRO/24640/2022-23.
SEBI Recovery Proceedings Against Siddhant Suresh Chandan
Most people think that once a SEBI order is passed, the matter closes. But in this case, SEBI’s enforcement continued well beyond the 2023 order.
SEBI issued two recovery certificates, RC No. 7807 of 2024 and RC No. 7808 of 2024, against Siddhant Suresh Chandan for non-compliance with the earlier directions.
- In April 2026, SEBI issued a Release Order in connection with Recovery Certificate No. 7808 of 2024, in the matter of unregistered investment advisory services against him.
- In May 2026, SEBI issued a Completion Order in connection with Recovery Certificate No. 7807 of 2024 in the same matter.
These recovery proceedings show that SEBI actively tracked and pursued compliance from Chandan over multiple years, across 2024 and into 2026.
Recovery certificates are issued when a party fails to comply with SEBI’s earlier financial directions, a step that reflects ongoing enforcement, not a closed chapter.
How To File a Complaint Against Siddhant Suresh Chandan?
If you have subscribed to Siddhant Suresh Chandan’s services or any similar unregistered advisory platform and are currently facing issues, taking a structured and documented approach will give your complaint the best chance of being addressed effectively.
Here is how you can go about it:
Step 1: Organise All Your Records
Collect all important documents related to your interaction, including payment receipts, screenshots, trading recommendations, emails, chats, and call recordings.
Proper documentation can strengthen your complaint significantly.
Step 2: Contact the Platform First
Send a formal written complaint to the platform explaining the issue, what was promised, and what actually happened.
Keep copies of all communication, including unanswered emails or messages.
Step 3: File a Complaint with SEBI
If the entity is not registered with the Securities and Exchange Board of India, complaints cannot be filed through SCORES. Instead, you can directly contact them with all supporting evidence.
Step 4: File a Cyber Crime Complaint
If the matter involves financial loss, fake profit claims, or suspected fraud, you can also report it through the National Cyber Crime Portal for further investigation.
Step 5: Seek Legal Advice if Needed
Where the financial loss is substantial, consulting a legal professional experienced in securities or financial disputes may help you explore possible recovery options.
Need Help?
If you are unsure how to proceed or want clarity on your specific situation, having the right guidance can make the entire process significantly more effective.
We assist investors dealing with unregistered advisory by:
- Reviewing your case and identifying what violations may apply.
- Drafting structured complaint emails to SEBI’s Investor Complaints Cell.
- Organising your payment records, screenshots, and communication into submission-ready evidence.
- Walking you through the National Cyber Crime Portal filing process step by step.
- Advising on escalation options, including when and how to involve a legal professional.
If something feels wrong about the service you received, do not let confusion about the process stop you from taking action.
Register with us today and take the first step toward resolving your situation with the right support behind you.
Conclusion
The case of Siddhant Suresh Chandan is a reminder of something every trader in India should remember: a confident online presence is not the same as a legal one.
He ran a Telegram channel with thousands of subscribers, charged real money for tips, handled demat accounts, and promised 200% returns, all without a single valid SEBI registration.
SEBI caught up, penalised him, banned him from the markets for two years, and pursued recovery proceedings that continued well into 2026.
The lesson here is not just about one person. It is about the pattern.
Before you pay for any stock tip service, join any premium Telegram group, or hand over your demat credentials to anyone, always verify their registration on SEBI’s official website.
It takes two minutes. It can save you a lifetime of regret.
When it comes to your hard-earned money, trust only those who are legally accountable.
