If you’ve been looking into Wealthy Ways and want to confirm whether it’s actually SEBI registered, let’s check that. But that one-line answer probably isn’t why you’re here.
You’re likely trying to figure out whether the registration makes the service trustworthy enough to hand over ₹1.77 lakh for a year’s subscription. That’s the real question.
This blog covers the registration details, what they mean specifically for Wealthy Ways, the complaint picture, and what to do if something has already gone wrong.
Is Wealthy Ways SEBI Registered?
Wealthy Ways is registered with SEBI as a Research Analyst. The registration sits in the name of Adarsh Dey, the proprietor, who operates the business under the brand name Wealthy Ways.
Here are the full details:
A perpetual registration does not mean it can never be cancelled. SEBI can revoke or suspend a registration if the entity violates regulations, fails to comply with orders, or does not maintain required eligibility.
The registration remains valid as long as the entity stays compliant.
Is Wealthy Ways Legit?
The SEBI registration for Wealthy Ways is real and meaningful, but it has specific limits that are important to understand before you decide how much weight to give it.
Being registered as a Research Analyst under SEBI means Adarsh Dey has cleared a defined eligibility bar.
This includes passing the NISM Research Analyst certification exam (Series XV), meeting the minimum net worth requirement of ₹1 lakh for an individual proprietorship, and agreeing to operate within SEBI’s Research Analyst Regulations, 2014.
Here’s a clear breakdown of what SEBI registration allows Wealthy Ways to do, and what it does not permit:
| What Wealthy Ways CAN Do | What Wealthy Ways CANNOT Do |
| Publish research reports and recommendations to the public | Guarantee returns or promise profits on any call |
| Charge a fee for research services | Claim SEBI endorses or approves their recommendations |
| Give general market views and trading ideas | Provide personalised investment advice based on your individual financial profile |
| Operate a subscription-based advisory service | Manage your funds or trade on your behalf without separate authorisation |
| Promote their service commercially | Use misleading claims or fabricated performance data in marketing |
| Communicate calls via website, app, or other platforms | Share unverified or cherry-picked trade screenshots as proof of consistent accuracy |
| Collect fees directly from clients | Take any commission from brokers or third parties linked to their recommendations |
If you find Wealthy Ways doing anything in the “cannot do” column, making return guarantees, claiming SEBI-backed accuracy, managing money without authorisation, or showing manipulated trade records, that is a violation.
You can and should file a complaint through the channels discussed further in the blog. Registration creates accountability, and violations should be reported.
Is Wealthy Ways Safe?
This is the question most people are actually asking when they search for Wealthy Ways’ SEBI registration. Registration is one input.
Safety, in the practical sense, depends on several things specific to how this service operates and what you’re getting into.
Here is an honest assessment across the dimensions that matter:
1. The ₹1.77 Lakh Price Carries Real Risk Given No Audited Track Record
At ₹1,77,000 per year, Wealthy Ways sits at the premium end of the retail advisory market.
That price demands a verifiable performance history, not screenshots of winning trades shared on Instagram or testimonials from the website, but an actual documented record, including losses, available for independent review.
No such publicly available audited track record exists for Wealthy Ways.
The subscription fee itself is a meaningful loss if the service underdelivers, before you account for any trading losses.
2. The Complaint Trend Warrants Serious Attention
A tenfold increase in SEBI SCORES complaints from FY 2024–25 to FY 2025–26 is not something to dismiss.
Wealthy Ways is a relatively young entity, registered in August 2024.
The fact that complaints accelerated sharply in their second year, with 8 in February 2026 and 7 in March 2026 alone, suggests a pattern that potential subscribers should weigh carefully.
The complaint data does not tell you why people complained or what the specific issues were. But the volume and trend are material information that should factor into your decision.
3. Sole Proprietor Risks & SEBI Registration Limits
Wealthy Ways operates as a one-person setup under SEBI’s individual Research Analyst framework, meaning there is no team, internal escalation system, or institutional backing; support and accountability depend entirely on the proprietor.
In fast-moving intraday options trading, this makes real-time support and clear communication (entry, target, stop-loss) critical, as delays or absence can directly impact outcomes.
Before subscribing, verify support responsiveness and exit communication in practice, since SEBI registration permits the structure but does not guarantee service quality, continuity, or dispute resolution.
How To Report Wealthy Ways?
If you are already a subscriber and have a dispute with Wealthy Ways over a refund or a service commitment that wasn’t met, here is the step-by-step process available to you because of the SEBI registration.
Step 1: Raise the Issue Directly With Wealthy Ways First
Before you can escalate to any regulator, you must attempt to resolve the issue internally.
Write to Wealthy Ways clearly, stating the specific issue, what you expected, what happened instead, and what resolution you are seeking.
Keep every piece of communication: timestamps, screenshots, call logs, payment receipts, and any promises made before you subscribed.
Step 2: File a Complaint in SCORES
If Wealthy Ways does not respond, responds unsatisfactorily, or the issue remains unresolved, file a complaint on SEBI’s official complaint portal.
SCORES stands for SEBI Complaint Redress System. Once your complaint is registered, Wealthy Ways is legally required to respond and provide a resolution within the defined regulatory timeline.
Step 3: File a Report in SMART ODR
If the SCORES process does not produce a satisfactory resolution, the next step is SEBI’s SMART ODR platform, the Online Dispute Resolution system.
This is a less adversarial process than arbitration and often resolves disputes faster. You can access it directly through SEBI’s ODR portal after attempting SCORES.
Step 4: Stock Market Arbitration
If mediation through SMART ODR fails or is not accepted by the other party, arbitration is the final available channel.
This is a formal legal process where an independent arbitrator reviews the case and issues a binding decision.
Need Help?
Filing a SEBI complaint can be difficult, especially when you’re already dealing with financial loss or poor service.
If Wealthy Ways has violated its obligations as an SEBI-registered Research Analyst, such as making return guarantees, denying refunds unfairly, sharing misleading performance, or ignoring complaints, here’s how we help:
- Case Review: Assess your documents to determine if there is a valid complaint under SEBI RA Regulations
- Complaint Drafting: Structure your complaint clearly for SEBI SCORES with all key facts included
- Filing Support: Guide you step-by-step through the SCORES submission process
- Follow-Up Strategy: Help you respond effectively if the company’s reply is inadequate
- Escalation Help: Assist with moving the case to SMART ODR and guide on arbitration if required
You don’t need legal expertise; you need proper documentation, the right format, and a clear process.
Register with us now. We’ll review your case and map the most effective next steps.
Conclusion
Wealthy Ways holds a valid SEBI Research Analyst registration (INH000018373), obtained in August 2024 and verifiable on SEBI’s portal, ensuring regulatory oversight and formal complaint channels.
However, registration is only a baseline, not proof of quality or reliability.
Rising complaints (2 to 23, with 9 pending), lack of verified performance data, high-risk classification, and sole proprietorship limitations are key concerns.
The registration ensures accountability exists, but the decision to trust and invest remains entirely yours. Evaluate all factors carefully before committing a high subscription amount.
