Paid for a stock market course and wondered if you could ever get that money back? SEBI has now answered that for one of India’s biggest trading academies. The Avadhut Sathe SEBI order of October 23, 2026 directs a ₹546.17 crore refund to course participants. It also bars the founders from the market and adds […]
Hand your clients’ KYC files and complaints to someone else, and one day SEBI asks for the records. What if 471 of 509 are gone? That is the story behind the Rishabh Tanwar SEBI order, which ended in a ₹6 lakh penalty on October 22, 2026. He admitted every lapse and asked for the minimum
Three SEBI summons. Months of reminders. And the documents never arrived. That silence has now cost Supriya Kothari ₹10 lakh in an order linked to Wipro options trades around a $500 million deal announcement. Here is what SEBI asked for, what she did and did not do, and why the officer went ahead without her
280 bond trades. ₹9.59 crore. One route SEBI says was mandatory, and these trades did not follow it. The IIFL Capital Services SEBI order explains what went wrong on its online bond platform and why the penalty is ₹2,00,000. It also records five seller agreements that were signed only after SEBI inspected. Here are the
Promised daily profits on a sales call? SEBI’s October 15, 2026 order shows what it found when it looked at one adviser’s claims. The Capital Stroke Investment Services SEBI order lists 10 violations, from assured returns and false testimonials to forged documents. It ends in a cancelled certificate and a five-year market bar. Here is
If you have ever paid a stock tips provider for calls, this case is worth five minutes of your time. It shows what can go wrong behind the scenes even when nobody is accused of cheating. SEBI inspected Vineet Ashwinikumar Chawla’s research business on January 29, 2026. The review looked back over 20 months of
Ever wondered who’s really executing your trades behind the scenes? A recent SEBI order against VCK Share & Stock Broking revealed that unapproved individuals, including family members, were operating official trading terminals. On top of that, key Authorised Persons were caught trading without mandatory NISM Series VII certifications. Here is a breakdown of why SEBI
Imagine placing a trade over WhatsApp, and the chat deleting itself within 24 hours. For 36 clients of a registered stock broker, that is exactly what happened to the order records. SEBI and NSE spotted it during an inspection. The Rashi Equisearch SEBI order of October 7, 2026 shows what the regulator did next. Here
Five-star reviews. Glowing posts on Quora. A client claiming a ₹1 lakh profit in one month. None of those people were clients, and the research analyst behind them admitted it. That is the heart of the Eqwires Research Analyst SEBI order, passed on September 30, 2026. Here is every important detail, including the parts SEBI
If you trade in India, you’ve definitely heard of SMC Global Securities. But what happened at one of its regional branches will leave you stunned. An Authorised Person managed to pull off a private ₹6 crore fixed-return racket, right under the broker’s nose. He took client funds, promised illegal monthly payouts, and hid the commission trail
Think holding a SEBI Research Analyst license gives a firm the green light to take your money? Think again. A Research Analyst can write reports and share stock calls, but collecting investor funds is strictly off-limits. Yet according to SEBI’s latest order dated September 29, 2026, that is exactly what Shares Bazaar was caught doing.
Can a driver really be held legally responsible for a ₹30 lakh market manipulation scheme if he says he knew nothing about it? Madhukar Dubey said he was only a driver, but SEBI’s latest order tells a different story. Twenty identical cheques were issued from his proprietorship firm, and his statements had several contradictions. His
