Quick Summary
Stock market loss recovery is not a promise on this page. It is a record. Across SEBI-related cases, our team has helped investors recover over ₹4 crore. That figure includes documented arbitration awards, fee refunds from research analysts and advisers, brokerage recoveries, and compensation for broker platform failures. Some of these are public arbitration awards with named firms and case numbers. A ₹4.53 lakh broker glitch award. A ₹3 lakh advisory award. A ₹1.97 lakh research analyst refund. Others are private settlements we secured for clients. This page lays out what we have recovered, how, and what it means for your own case.
Most people who lose money to a stock market scam are told the same thing. The money is gone. You signed the forms. You clicked the buttons.
Nothing can be done.
We have spent the last two years proving that wrong, one case at a time.
The number sits at nearly ₹4 crore recovered across more than 250 SEBI-related cases. Not projected. Not claimed. Documented, in refunds that reached our clients’ bank accounts.
This is not a page of promises. It is a page of what actually happened, and how.
Stock Market Fraud Recovery: What Our Nearly ₹4 Crore Track Record Looks Like?
A big number means little without the cases behind it.
That ₹4 crore did not come from one type of win. It came from five distinct kinds of dispute, the same five that trap most investors, and yours almost certainly fits one of them.
Recognising which one is yours is the first step toward knowing whether your money can come back.
Here is the full range we have recovered against:
- Research analysts who guaranteed profits they could never deliver.
- Investment advisers who charged past the legal fee limit.
- Brokers whose systems failed at the worst possible moment.
- Advisers who quietly handled client accounts they had no right to touch.
- Unregistered firms that took money for a service they were never allowed to sell.
The individual amounts range widely. Many cases recovered between ₹50,000 and ₹2,00,000. Several crossed ₹5,00,000. A handful ran into the tens of lakhs.
What connects them is not the size of the loss.
It is that each client stopped accepting the loss and let us build the case.
The Arbitration Wins Our Team Can Name
Most recoveries come through private settlement, where the firm agrees to refund, and the matter closes quietly. Those clients stay anonymous, and so do the firms.
Arbitration is different.
An arbitral award is a public record. The firm is named, the finding is on paper, and the amount is fixed by a neutral tribunal. These are the cases we can show you in full.
Here is a sample of what our clients won, and the reasoning that won it:
1. Moneylicious Securities: ₹4,53,081 for Fifteen Minutes of Failure
A trader held a Bank Nifty option in heavy profit. At 11:04 AM, his sell order was rejected.
He tried again and again as the price collapsed, and by 11:19 a ₹6,00,000 profit was down to ₹33,250.
The broker blamed a BSE glitch. We asked for proof, and the broker had none.
We rebuilt the loss from the broker’s own trade log: the ₹94.50 he should have exited at, against the ₹53.46 he was forced to take, across 11,040 quantity.
The arbitrator awarded the difference in full.
The full story sits in our breakdown of the Moneylicious Securities arbitration.
2. Aurostar Investment Advisory: ₹3,00,000 on the Fee Cap
An adviser had already collected the maximum annual fee the law allowed from a cautious investor.
Then it demanded more, reaching into the bank accounts of the client’s wife and family.
We put the voice recordings against the fee ceiling.
The tribunal found the firm had charged past its legal limit and pushed a low-risk client into a Bank Nifty options trade that lost ₹14,10,000. The award followed.
The details are in our Aurostar Investment Advisory violations breakdown.
3. Supreme Investrade: How Our Recording Beat Their Disclaimer for ₹1,97,000
The firm held a signed consent form and a page of disclaimers.
Our client held a recording of an employee promising she need not pay a fee until he booked her a ₹1,00,000 profit.
The recording won.
The tribunal held that a disclaimer cannot cover conduct that breaks SEBI rules, and noted SEBI had already fined the firm ₹5,00,000 for similar behaviour.
How the recording beat the disclaimer is set out in the full guide: Supreme Investrade refund.
4. Capital Craft Research: One Impossible Promise Turned Into ₹1,20,061
The firm guaranteed ₹10,000 a day and ₹2,00,000 a month.
No research analyst can promise that, and the promise itself was the breach.
The firm hid behind a no-refund policy, then handed the tribunal its own statement of the losses its calls had caused.
The award came to ₹1,20,061.
How that impossible promise became an award is detailed in our recovery from Capital Craft Research breakdown.
5. Inspire Algo Research: ₹1,79,000 Recovered Despite Shared Blame
Our client had kept trading after the losses started, so the fault was not the firm’s alone.
We told him that upfront, and we told him he could still recover.
The tribunal found the firm had skipped onboarding, given no guidelines, and lacked transparency.
It split the fault and awarded half the fees and half the loss.
A shared-blame case is still a real recovery, as our Inspire Algo Research complaint breakdown explains.
The Regulatory Findings We Use to Win
These wins are not luck or persuasion.
They rest on specific rules that firms break and hope investors never learn.
Across the cases, the same breaches keep deciding the outcome:
- Guaranteed returns. No research analyst or adviser may promise you a profit. A guarantee of ₹10,000 a day, or an assurance of recovery, is not a sales pitch. It is a documented violation the moment it is made.
- Fees above the SEBI limit. An investment adviser cannot charge an individual client without limit. When the total crosses the ceiling, the excess is a breach, provable by arithmetic rather than argument.
- Unauthorised trade instructions. A research analyst may publish research. It may not tell you the exact stock, quantity, and timing, then manage the position. That is account handling, outside what the registration allows.
- Profit-sharing. A research analyst taking a cut of your profits, often 30% to 50%, runs a fee model SEBI does not permit.
Our page on whether a NISM certificate holder can manage your portfolio explains why a certificate is not a licence to do this.
Broker execution failure. A broker must execute your orders in time. When a system failure blocks your exit, and the broker cannot prove the fault lay elsewhere, the resulting loss is the broker’s to bear.
Each of these is a line in the SEBI rulebook.
Our job is to find which line was crossed in your case, and to prove it with your own records.
How the FraudFree Team Builds a Recovery?
Recovery is not a single filing.
It is a sequence, and each step is where most people give up, and we do not.
Step 1: We Separate What Is Recoverable From What Is Not
The first thing we do is split your loss in two. Fees on one side, trading loss on the other.
Fees are documented and come back far more reliably than market losses.
This is why two clients with similar losses can recover very different amounts, a point we work through in our stock advisory refund breakdown.
Step 2: We Audit Your Evidence Before the Firm Can
We go through your chat logs, call recordings, contract notes, and payment records.
We find the guaranteed-return message, the fee that crossed the limit, the rejected order timestamp, and the request for your OTP.
The evidence is usually already on your phone.
Step 3: We File and Escalate Through the Right Route
A SEBI SCORES complaint opens the registered route.
Where it stalls, the matter moves to SMART ODR for conciliation, and then to arbitration if the firm will not settle.
Our guide on arbitration in the stock market walks through this path in full.
Step 4: Our Team Represents You in Counselling and Arbitration
This is where the recovery is won or lost. We put the arguments, cite the regulations, and hold the firm to the record.
Many matters settle at counselling once the firm sees the case we have built. The rest go to a tribunal, where the findings above do the work.
Lost money to a research analyst, adviser, or broker and been told nothing can be done?
We have recovered nearly ₹4 crore for investors who were told exactly that. We read your evidence, find the breach, and build the case.
The Range of Cases Behind Our Number
The nearly ₹4 crore is not a handful of large wins.
It is more than 250 cases of every size and shape. A few patterns show what that looks like in practice.
The small claim that recovered the most.
One client claimed ₹64,500 and recovered ₹50,000.
The smallest claims often recover the highest share, because settling is cheaper for a firm than fighting.
The broker who drained an account through charges.
One client’s realised trading loss was ₹8,068. His brokerage over the same period was ₹4,17,699.
The market did not empty his account.
The trade volume did, as our excessive brokerage charges refund breakdown shows.
The firm that took the money and vanished.
One client paid ₹88,500 for research and received nothing. No reports, no calls, then silence.
He recovered ₹78,200.
Non-delivery is one of the cleaner cases, covered on our page: advisory took fees and disappeared.
The account someone else was running.
One client was told to say only YES on recorded calls and never to trade on his own judgment. His account was run by the firm until it was wiped out.
He recovered ₹1,42,000, as our account handling scam recovery blog explains.
Why Investors Wait Too Long Before Coming to Us?
The hardest part of recovery is not the process. It is the belief that stops people from starting.
Most victims carry one of three assumptions, and all three are wrong.
- “It was my own fault, so I have no case.” The Inspire Algo client thought this and still recovered ₹1,79,000. Shared blame lowers the amount. It does not close the door.
- “The amount is too small to bother.” The clients who recovered the highest share of their claim were often the ones with the smallest losses. Small claims settle because fighting them costs the firm more than paying.
- “I signed a disclaimer, so I agreed to everything.” Supreme Investrade relied on exactly this defence and lost. A signature cannot license conduct that breaks SEBI rules.
Every week of delay makes recovery harder.
Chat histories get cleared. Numbers go dead. Firms wind up and vanish.
The evidence that wins your case is strongest today and weaker every week you wait.
Conclusion
Nearly ₹4 crore, more than 250 cases, two years of work. Behind each number is a person who was told the money was gone and chose not to accept it.
The recoveries were not won by luck or by a kind broker having a change of heart. They were won by separating fees from losses, finding the exact rule the firm broke, and proving it with the client’s own records, then holding the firm to that proof in counselling and arbitration.
If you have lost money to a research analyst, an adviser, or a broker, your case is not as hopeless as you have been told. The evidence is likely on your phone, the breach is likely in the SEBI rulebook, and the recovery starts the day you stop accepting the loss.
Report. Recover. Stay Fraud Free.
Frequently Asked Questions
Over ₹4 crore in SEBI-related cases, covering arbitration awards, fee refunds, brokerage recoveries, and settlements. This figure excludes our cyber-fraud recoveries, which are a separate body of work, so the SEBI number stays clean and verifiable.
The arbitration awards are public records with named firms and case numbers, such as the ₹4.53 lakh broker glitch award and the ₹3 lakh advisory award. Each links to a full case study. Private settlements are confidential but form part of the same total.
Not always. Some awards are full, some are partial. One case on this page recovered half after the investor was found partly at fault. Another refunded the fees but not the trading loss. We give you a realistic expectation before you file.
Fee refunds from research analysts and advisers, brokerage and churning recoveries, broker glitch and margin losses, unregistered advisory cases, and account handling disputes. If a SEBI-regulated participant caused your loss, it is worth an assessment.
Preserve your evidence. Payment records, contract notes, chat histories, call recordings, and order logs. Every recovery on this page was built on documents, and they are the one thing you control before you even file.
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