We remember the first time we got a call about this case. It wasn’t dramatic or urgent, no red sirens. Just a calm voice on the other end, tired but hopeful.
The client had been through it already—false hopes, long waits, a lot of emotional and financial back-and-forth—and now, the final resort: us.
This wasn’t just another shady Telegram group scam. No, this was from a SEBI-registered Research Analyst called Auro Star Advisory.
Yes, registered.
Let that sink in.
“Sir, they said it was SEBI-registered…”
That’s how our conversation began. The victim had enrolled for services from Auro Star Advisory, believing, like many others, that registration with SEBI means guaranteed safety.
And to be honest, many of us believe the same, especially when we’re new to the markets. That’s why this case was especially important to us—not just to recover the money, but to highlight a critical truth:
Being SEBI-registered doesn’t mean they can’t scam you.
The client had paid for research advisory services, and instead of guidance, what followed was pure negligence. Irregular communication. Misleading investment advice. Losses. And ultimately, silence.
When the client demanded a refund, Auro Star refused.
That’s where we stepped in.
“Can arbitration help? I thought it’s only for big cases…”
Another common myth. People often think arbitration is complex, expensive, and only for large institutions.
But when you work with a team like ours, you don’t have to worry about legal jargon or procedures. You just need to be honest and share all the evidence.
We helped the client file a formal arbitration case against Auro Star Advisory.
This wasn’t done on a WhatsApp chat or through some random complaints page, it was a proper legal arbitration process under the SEBI framework.
The client stayed involved, but we did the heavy lifting: preparing the documentation, communicating with the arbitrator, representing him in hearings, and arguing every point with proof in hand.
It wasn’t a short journey. Arbitration takes time. Patience is part of the process. But as we always say, the more prepared you are, the smoother it flows.
“We award a refund of ₹15,57,000…”
Finally, after all the back-and-forth, came the line we were waiting for.
The arbitrator issued a final and binding award, clearly stating that Auro Star had failed in its professional duty.
The services provided were deficient, misleading, and in breach of the code of conduct.
As a result, they were ordered to refund the client a total amount of ₹15,57,000 with the interest of 15% per annum from 07 August, 2024.
No partial refund. No “adjustments”. Full justice.
For the client, this was more than money—it was closure. It was proof that standing up and fighting back does work, especially when you have the right people by your side.
Lessons for All of Us
Every time we win a case like this, we learn something new. But there are a few hard truths we want you to take away:
- SEBI registration is NOT a character certificate. Many advisors misuse their license. Always verify more than just their registration number.
- You have the right to a refund if services are not delivered as promised. Don’t be bullied into silence.
- Arbitration is not scary. With the right help, it’s one of the strongest tools a retail investor can use.
- Timely action matters. The sooner you reach out, the stronger your case.
“Thank you for fighting this with me.”
That’s the line the client told us after the final award was issued. And honestly, that’s why we do what we do.
Our team at aseemjuneja.in is here not just to highlight scams, but to fight for those who are taken advantage of, whether the fraudster is an unregistered entity or a SEBI-approved one. Because ultimately, it’s not just about recovery—it’s about restoring trust in the system.
If you or someone you know has been misled or scammed in the markets, don’t wait. Talk to us. We’ve done it before. We’ll do it again.
