Searching for Raj Rishi Research Analyst usually means you are trying to verify whether the research services are legitimate, whether the analyst is SEBI registered, and what options are available if you have concerns regarding research subscriptions.
Before paying for any research service, investors should always verify registration status, understand what services are legally permitted, and know how grievances can be escalated if required.
This guide examines publicly available information about Raj Rishi and Equity Research Mart so investors can make informed decisions.
Who Is Raj Rishi?
Raj Rishi is a stock market research professional associated with Equity Research Mart, a research platform that provides equity market research and trading-related insights to investors and traders.
With years of experience in market analysis, Raj Rishi has built his professional identity around research-based recommendations and market intelligence.
His profile highlights expertise in technical analysis, equity research, and investor-focused market guidance.
For investors evaluating any research service, understanding the professional background and regulatory status of the analyst is always the first step before subscribing.
Is Raj Rishi SEBI Registered?
The first question most investors ask is simple: Is the RA SEBI registered?
Raj Rishi is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst under registration number INH000016700.
The registration is displayed through Equity Research Mart’s regulatory disclosures, allowing investors to verify the analyst’s credentials before purchasing any service.
A SEBI registration authorises a Research Analyst to provide research-based recommendations and market analysis within the framework prescribed by SEBI.
It demonstrates regulatory oversight, but it does not guarantee profits or eliminate market risk.
Therefore, while registration is an important verification checkpoint, investors should also evaluate the quality of service, transparency of communication, and suitability of recommendations for their own financial goals.
That distinction becomes important when evaluating any research service.
Equity Research Mart Review
Equity Research Mart presents itself as a SEBI-registered research platform offering market research, stock market analysis, and research-based recommendations for investors and traders.
The platform publishes regulatory disclosures, grievance information, and compliance details on its website.
Like any research analyst platform, its role is to provide research opinions and market insights rather than manage client funds or guarantee outcomes.
Therefore, investors should always evaluate:
- Registration status.
- Research methodology.
- Risk disclosures.
- Service agreements.
- Complaint resolution mechanisms.
before subscribing to any paid service.
Equity Research Mart Real or Not?
Many investors search online for the authenticity of a platform before making a payment.
The reason is understandable. The financial services industry contains thousands of market participants, making due diligence an essential step.
Equity Research Mart operates under a SEBI-registered Research Analyst framework and publishes compliance-related disclosures.
This regulatory presence provides a level of transparency that investors often look for while evaluating a research provider.
That said, the better question is not simply whether a platform is real.
The better question is whether the service aligns with your risk profile, investment objectives, and expectations.
A research subscription should be evaluated on transparency, communication standards, disclosures, service quality, and investor experience, not merely on marketing claims.
SEBI Guidelines for Research Analyst
Before subscribing to any research service, investors should understand the rules that govern SEBI registered Research Analysts.
Research Analysts are expected to maintain transparency, provide proper disclosures, avoid misleading communications, and adhere to professional standards prescribed by SEBI.
They are required to maintain regulatory compliance while providing research-based opinions and recommendations.
These regulations exist to create accountability and help investors make decisions using information that is presented fairly and responsibly.
For this reason, investors should always verify whether research communications include appropriate disclosures and whether the analyst follows established compliance practices.
What a SEBI-Registered Research Analyst Can and Cannot Do?
Many investors mistakenly believe that a Research Analyst can manage investments or guarantee outcomes.
SEBI registered research analysts can provide research reports, market insights, and investment recommendations supported by analysis.
At the same time, investors should remember that market performance can never be guaranteed. Every investment carries risk, and no analyst can completely eliminate uncertainty from the stock market.
Understanding this distinction helps investors approach research subscriptions with realistic expectations.
How to File a Complaint Against Research Analyst?
If the registry check raises concerns or you have already suffered a financial loss, the next step is to formally escalate your grievance.
SEBI has built a multi-layer investor grievance architecture. Here is the correct sequence to follow:
Step 1: Collect all evidences
Save all payment receipts, WhatsApp chats, email threads, subscription invoices, and any stock tips you received. These are your evidence.
This should include payment receipts, bank transfer records, UPI transaction screenshots, WhatsApp chats, email conversations, subscription invoices, promotional messages, stock recommendations, and any screenshots of performance claims or assurances that influenced your decision to subscribe.
Step 2: Directly Contact the RA
Most issues can often be resolved directly through the analyst’s grievance redressal process.
Equity Research Mart publishes compliance and grievance contact information on its website.
Step 3: Escalate Through SCORES
If the matter remains unresolved, investors can submit a NSE complaint through the SEBI SCORES platform, which is designed to handle investor grievances against regulated entities.
Step 4: Raise a Complaint in SMART ODR
If the response received through the grievance process remains unsatisfactory, investors may consider escalating the matter through SEBI’s SMART Online Dispute Resolution (ODR) platform.
This mechanism provides a structured framework for mediation and conciliation in securities market disputes.
Step 5: Arbitration in the Stock Exchange
If the dispute still remains unresolved after previous efforts, investors may proceed with stock market arbitration.
Arbitration is a formal dispute-resolution process in which an independent arbitrator reviews the evidence submitted by both parties and issues a decision based on the facts presented.
Need Help?
Have you subscribed to a research service and now feel uncertain about the advice, charges, communication, or service commitments you received?
Our team assists investors in understanding available regulatory options, reviewing documentation, and identifying the appropriate complaint and grievance channels.
If you are confused about your next step, register with us. We can help you assess the situation and understand the remedies that may be available.
Conclusion
Raj Rishi is a SEBI-registered Research Analyst associated with Equity Research Mart.
The registration provides investors with an important layer of regulatory verification, but registration alone should never be the only factor behind an investment decision.
Smart investors verify registration, review disclosures, understand the service being offered, evaluate risk factors, and maintain proper records before purchasing any subscription.
The more informed your decision-making process, the stronger your investor protection becomes.
Frequently Asked Questions
1. How Can I Verify Raj Rishi’s SEBI Registration?
Investors can verify Raj Rishi’s registration through SEBI’s intermediary records and the compliance disclosures published by Equity Research Mart.
Verification should always be completed before making any payment.
2. What should I do if I paid Equity Research Mart and did not receive the promised services?
First, gather all evidence: payment receipts, messages, subscription details. Then send a written complaint to the firm.
If the matter remains unresolved after giving the firm a reasonable opportunity to respond, investors may consider raising the issue through SEBI’s SCORES platform.
3. What Documents Should I Keep Before Filing a Complaint Against Raj Rishi?
You should preserve payment receipts, invoices, emails, WhatsApp communications, research reports, and subscription agreements.
These documents can be important if a dispute arises and requires regulatory review.
4. Should investors rely only on SEBI registration before subscribing?
No. Registration should be the starting point. Investors should also review disclosures, service quality, risks, and overall transparency.
