Most SEBI orders read like dry compliance paperwork. This one has actual call transcripts in it, and they’re worth reading closely, because they show exactly what a “guaranteed returns” pitch sounds like in practice. What SEBI’s Inspection Found SEBI conducted a surprise inspection of Trade Nexa Research in March 2024, covering April 2020 to December […]
If you had money or shares parked with a broker and things went quiet for years while a case dragged through SEBI and the courts, this is roughly what that process looks like from the inside. Modex International Securities Limited, a stock broker registered with SEBI, first came under the scanner back in 2020. The
If you follow India’s startup ecosystem even loosely, Exfinity Venture Partners is a name you might recognise, not from an investor complaint, but from funding announcements. So finding it on a SEBI enforcement list is the kind of thing that makes you pause. Here’s what actually happened, and why it’s a good example of how
If you traded through Karvy at any point before 2019, you probably already know how that story ended. If you don’t, here’s the short version, and why this new order is really just the final page of a much bigger file. What Actually Happened to Karvy Karvy Stock Broking was once one of India’s largest
If you’ve bought into an IPO expecting the money to go toward the business the company pitched you, this case is worth reading closely. It’s a reminder of how far a company’s actual use of your money can drift from what it told you on paper. Nirman Agri Genetics Limited, a Nashik-based agri-inputs company that
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
