The list of Telegram Channels Banned by SEBI in 2026 is a critical topic today. Thousands of retail investors in India join Telegram groups promising “jackpot calls,” “sure-shot intraday tips,” and “100–200% returns.”
Most lose money. Some lose everything. By the time action is taken, the damage is done.
This blog lists Telegram channels banned by SEBI in 2026. It explains the violations behind these bans. It also tells investors what to check before trusting any stock tip online.
Telegram Channels Banned by SEBI in 2026
Telegram channels get banned by SEBI for a clear set of reasons. Most of them operate without SEBI registration as an Investment Adviser (IA) or Research Analyst (RA).
They collect fees from subscribers, give buy/sell recommendations, promise guaranteed returns, and falsely claim certifications like NISM.
Some go further; they run full pump-and-dump schemes.
Here is the 2026 order SEBI passed against such channels:
SEBI passed this order against six individuals connected to two Telegram channels:
- Intraday Jackpot
- Professional Day Trading Institute
Akshay Kumar created and operated the free Telegram channel “Intraday Jackpot”, which launched on September 19, 2019.
Through this free channel, he funnelled subscribers into multiple paid channels such as HNI Group, February Series, Positional Group, and Professional Paid Group.
Why Were They Banned?
SEBI found two major categories of violations:
1. Unregistered Investment Advisory and Research Analysis Services
The paid channels gave clear buy, sell, and hold calls with targets and stop-losses.
Therefore, these posts qualify as research analyst activities under Regulation 2(1)(u) of the SEBI Research Analysts Regulations, 2014.
However, none of the noticees had SEBI registration as an Investment Adviser or Research Analyst. Thus, they violated Section 12(1) of the SEBI Act and Regulation 3(1) of the IA and RA Regulations.
2. Fraud and Misleading Claims
The channel’s website (now defunct) and Telegram posts made several false claims:
- The channel claimed to be NISM Certified; no evidence of any such certification exists on record.
- It promised 90–95% accuracy on trading calls.
- It advertised “8 to 10 sure shot positional trades in a month with 100% to 200% returns.”
- It posted sample profits to induce new subscribers.
- It ran a post saying: “A single trade is enough to recover your whole losses in a day.”
None of these claims was backed by any research.
SEBI found these constituted fraud and misleading dissemination of information under Section 12A(c) of the SEBI Act and Regulations 3(a), 3(d), 4(2)(k), 4(2)(o), and 4(2)(s) of the PFUTP Regulations, 2003.
Penalty Imposed
SEBI directed the following:
- Refund: Akshay Kumar, Mithun Sah, and Arjun Sah must refund the entire amount collected from investors, totalling approximately ₹9,02,37,699, within three months of the order.
- Market Debarment: Noticees 1, 2, and 3 are debarred from accessing the securities market for two years from the date of the order, or until they complete the refund, whichever is later.
- Monetary Penalties: Each of the four active noticees, Akshay Kumar, Mithun Sah, Arjun Sah, and Beauti Kumari, faces a penalty of ₹5,00,000 under Section 15EB and ₹5,00,000 under Section 15HA of the SEBI Act, totalling ₹10,00,000 per person.
- Public Notice: Within 15 days, the noticees must publish refund modalities in two national dailies and one vernacular newspaper.
- Asset Freeze: They cannot sell any assets, properties, mutual funds, or securities until the refund is complete.
The balance amount, after refunds, goes into an escrow account for one year. Any unclaimed amount thereafter transfers to the Investor Protection and Education Fund (IPEF).
SEBI Actions on Fraudulent Telegram Trading Groups
The 2026 Intraday Jackpot order is not an isolated case. SEBI has passed multiple orders against Telegram channels running similar scams for several years.
The table below summarises the key cases.
| Channel Name | Why They Got Banned | Penalty |
Bull Run Investment Educational Channel |
Scalping scheme. Admins bought stocks, tipped 49,000+ subscribers, then sold at higher prices. They falsely claimed SEBI-registered analyst status. | ₹2.84 crore disgorgement + 12% interest. ₹5.68 crore penalty; ₹5 lakh each for others. Market ban: 3 years (admins), 1 year (family). |
Safebulls |
Scalping scheme. Hanif Shekh bought stocks, tipped 60,879 subscribers, then sold them instantly. He falsely showed profits as “premium member” gains. | Disgorgement of ₹28,80,825 + 12% interest. Penalty of ₹5,00,000 (jointly). Market ban of 1 year. |
Unison Metals Limited Telegram Channels |
Coordinated pump-and-dump. 17 entities dumped 80%+ holdings, driving 51–79% volume. Commissions were paid in cash tokens. | Unlawful gains of ₹4,29,80,725 impounded. Escrow account to be created within 15 days. Market ban pending final order. |
SEBI’s pattern of action is consistent across all these orders: investigation through complaints, forensic audit, freezing of assets, disgorgement, and market ban.
However, the sheer scale of investor losses across all these cases runs into crores. And final recovery for retail investors remains uncertain.
Common Violations by Telegram Stock Tip Channels
Across these orders, SEBI identified the same set of violations repeatedly.
1. Running Unregistered Investment Advisory or Research Analyst Services
Every order covers this violation. The channels gave buy, sell, and hold calls and collected fees without SEBI registration.
For example, in the Intraday Jackpot order, SEBI said the paid channels linked to the free “Intraday Jackpot” channel gave trading calls, which are buy, sell, or hold recommendations.
However, none of the noticees was registered as IAs or RAs, and thus they violated Section 12(1) of the SEBI Act and Regulation 3(1) of the IA and RA Regulations.
2. Pump-and-Dump / Scalping Scheme
This is the most financially damaging violation. In the Bull Run order, Himanshu Patel bought 27,762 shares of Total Transport Systems, posted a “Jackpot Delivery” call to 49,000+ subscribers, and then sold 41,249 shares the next day, earning about ₹4.06 lakh.
Therefore, SEBI identified this as scalping, a form of pump-and-dump. In the Safebulls (Triveni) case, he bought 15,000 shares, posted the call at 2:08 PM, and sold all shares within minutes.
However, he exited before the target reached subscribers, and thus profited at their expense.
3. False Claims of Certification and Expertise
The Bull Run channel claimed it had four research analysts with 40 years of experience and said it was getting SEBI RA registration.
However, the admins had degrees in Tourism Management and Automobile Engineering and lacked market qualifications.
Therefore, these claims were false and misleading under SEBI findings. The Intraday Jackpot channel also claimed NISM certification on its website.
However, it provided no documentary proof on record, which further confirmed misrepresentation.
4. Guaranteed Returns and Misleading Profit Claims
This violation appears in every order. The Intraday Jackpot channel promised 8–10 trades a month with 100–200% returns and claimed 90–95% accuracy.
Similarly, the Safebulls channel posted “₹70,000 profit in 14 minutes” to create hype, but it hid that the admin booked this profit by dumping on subscribers.
Therefore, such guaranteed returns are illegal and violate PFUTP Regulations 4(2)(k) and 4(2)(o).
5. Coordinated Network of Operators and Enablers
The Unison Metals case shows the most complex structure. Seventeen entities worked in three layers: net sellers, operators, and enablers, including promoters and a CA.
They shared shareholding data from the RTA to promoters, then to operators, and finally to the Telegram admin, which enabled a coordinated sell-off.
On December 14, 2021, net sellers made up 65.89% of total UML market volume on the recommendation day.
What Retail Investors Can Learn from This?
The pattern across every SEBI order is identical. A channel promises guaranteed profits, charges ₹2,000 to ₹25,000, gives buy calls, dumps shares, and then disappears or rebrands while investors lose money.
- No Telegram channel can legally give paid stock tips without SEBI registration.
- Guaranteed returns are always a red flag and illegal.
- NISM certification alone does not allow giving paid investment advice.
Always verify registration on the Securities and Exchange Board of India website before paying anyone.
Cases in the List of Telegram channels banned by SEBI in 2026 show that recovery is rare.
Is Recovery from a Telegram Stock Market Scam Possible?
The honest answer is difficult. Recovery from these Telegram channel scams is rare, slow, and uncertain.
Here is why:
1. Why Recovery is Difficult?
Recovery from Telegram channel scams is rare, slow, and uncertain. Therefore, most investors struggle to recover money even after action.
2. SEBI Process Takes Time
The Securities and Exchange Board of India takes years to investigate and pass final orders. For example, the Bull Run case began in 2021, but the final order came in 2023–24.
By then, operators move assets, close accounts, or disappear, and refunds through escrow take even longer.
3. Scale of Complaints Matters
SEBI usually acts when many investors file complaints. Therefore, a single complaint rarely triggers a full probe.
In the Safebulls case, one complaint led to a year-long investigation, yet ₹28.80 lakh got spread across thousands of investors.
4. Money Trails are Hard to Trace
Operators use layered bank accounts, family accounts, and UPI IDs. For example, in the Intraday Jackpot case, fees moved through multiple Rigi links and accounts.
Thus, tracing funds becomes difficult.
5. Prevention is the Only Solution
Prevention works better than recovery. So, do not pay Telegram channels for stock tips and avoid unregistered sources.
If a channel promises guaranteed returns, treat it as a warning sign.
If your situation matches cases from the List of Telegram channels banned by SEBI in 2026, you should act immediately.
How to Complaint Against Unregistered Telegram Channel?
If you lost money to an unregistered Telegram stock tips channel, act fast. Early action improves your chances of investigation and recovery.
1. Preserve All Evidence Carefully
Do not delete anything, no matter how insignificant it may seem. Keep screenshots, emails, bank statements, transaction details, and call records.
These documents can become critical in establishing your case and strengthening your claim during the investigation.
2. Report with SEBI
If the entity or individual is not registered, you can send a detailed complaint directly via email to the Securities and Exchange Board of India.
If they are SEBI-registered, you should file your complaint in SCORES through their official SEBI SCORES portal (SEBI Complaints Redress System) platform. This ensures your grievance is formally tracked and addressed.
3. File a Complaint with Cyber Crime
Report the incident immediately on the National Cyber Crime Reporting Portal.
This step is especially crucial in cases involving online fraud or instant fund transfers, as early reporting may increase the chances of freezing the transaction.
4. Lodge an FIR at Your Local Police Station
Visit your nearest police station and register an FIR under the applicable sections related to cheating and cyber fraud.
An FIR provides legal backing to your complaint and is often necessary for further investigation and potential recovery of funds.
Need Help?
Going through this process alone, especially after a financial loss, can feel overwhelming.
That is where we come in with our specialised telegram stock market scam recovery support.
Here is what we do for you:
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Conclusion
The list of Telegram channels banned by SEBI in 2026 keeps growing, and so does the trail of financial damage these channels leave behind.
From the Intraday Jackpot’s ₹9 crore fee collection to the Bull Run channel’s ₹2.84 crore pump-and-dump profits, the scale of these frauds is significant.
SEBI acts but slowly. Investors suffer immediately. The only reliable defence is knowing how these scams work, verifying registration before paying anyone, and reporting suspicious channels the moment you spot them.
If you have already been defrauded, act quickly, file your complaint, preserve your evidence, and get help navigating the SEBI recovery process.
