Podium Market Research wasn’t some fly-by-night operator. It held a real SEBI licence and had been advising clients for years out of Patna. That’s exactly why what happened to its clients stings more than the usual unregistered-tipster story. This piece walks through what SEBI actually found, what Suman Kumar argued in his defence, and what […]
If you’ve ever paid for stock advice, a name on a government list like this one can feel alarming even when the reason turns out to be mundane. So let’s be direct about what this order actually is, and isn’t. This isn’t a fraud case for most of the 39 names here. It’s about advisers
If you’ve ever looked at a stock and wondered why the promoter’s shareholding suddenly dropped, this case is a useful example of what SEBI expects to see disclosed, and what happens when it isn’t. This one involves 20 people connected to Ultracab (India) Ltd, most of them from two extended families, the Vaghasiyas and the
A YouTube channel promised a stock would multiply 36 times over, and someone walked away with ₹1.27 crore before it crashed. SEBI took over three years to trace the videos behind it. Know the whole thing here. The Videos That Promised a 36x Return In January 2023, a YouTube channel called Stock Yatra posted two
Would you know if your Research Analyst’s certificate was already dead? Seventeen investors’ worth of tips just found out the hard way. The gap between “registered” and “valid” isn’t as small as it sounds. A License That Quietly Stopped Being Valid Every Research Analyst registered with SEBI has to pay a renewal fee once every
Unregistered advisory services and promises of “guaranteed returns” remain one of the most persistent traps in the Indian stock market. In a recent order dated July 31, 2026, SEBI reaffirmed its ₹5 lakh fine against Mohit Gupta of Safe Trading after a tribunal-ordered rehearing. But behind the legal technicalities lies an ongoing struggle: 16 months
If you’re active in small-cap trading WhatsApp groups or Telegram channels, this one’s for you. On July 30, 2026, SEBI’s Adjudicating Officer passed an order in the matter of market manipulation in the scrip of Moksh Ornaments Limited (MOL), an NSE-listed company. The order revealed that a group of promoters and associates ran a classic
When Kalahridhaan Trendz Limited listed on the NSE SME platform in February 2024, its numbers painted a picture of steady growth. Operating out of Narol in Ahmedabad, the fabric manufacturer raised ₹22.49 crore at ₹45 a share, backed by solid revenues and rising profits. Just two years later, the company and its promoter directors stand
Status note: This is a draft circular issued for public comments on July 23, 2026. It is not law yet. Comments close on August 13, 2026, and the final circular is proposed to take effect three months after it is issued. Until then, the existing framework under the ODR Master Circular of July 31, 2023,
When an investor decides to fight a broker, the fight is really about documents. Who placed the order. Whether a contract note ever left the broker’s system. Whether the SMS and the email went out. Which terminal the trade came from. Sudhir Agarwal went looking for exactly that set of documents. On May 31, 2026,
Most SEBI orders that make the news involve fraud, manipulation, or money that vanished. The Firstcapital Alternate Investment Trust SEBI order has none of that, and that is exactly why it deserves five minutes of your time. A registered fund just lost its licence entirely, without a single rupee being stolen, because it treated a
If you hold a mutual fund, and crores of Indians do, this case is closer to your money than almost any broker dispute. Axis Mutual Fund managed around ₹2,48,000 crore across roughly 1.28 crore investor accounts at the time. When a fund that size decides to buy a stock, the order is so large it
