Many investors assume that when a firm is registered with SEBI, its services automatically operate within clearly defined regulatory standards.
Registration does create a framework of accountability. However, investors still need to understand how a company communicates its services, manages expectations, and applies regulatory guidelines in practice.
Wise Global Research is one such SEBI-registered Research Analyst entity that has drawn attention among market participants.
This blog reviews Wise Global Research, its regulatory positioning, publicly available details, and broader compliance context to help readers better understand how the firm operates within India’s capital market framework.
Wise Global Research Review
Wise Global Research is a SEBI-registered Research Analyst (INH000016719), functioning as a proprietorship of Mr. Hemraj Singh Sikarwar, and offers research and related services like :
- Market research and analytics
- Actionable investment insights
- Stock recommendations for the Indian markets
- Research-backed guidance for traders and investors
As an SEBI-registered entity, its scope of services is governed by regulatory guidelines that define what a Research Analyst is permitted to provide and the standards it is expected to follow.
These regulations are designed to ensure transparency, proper disclosures, and a clear separation between research advisory and other financial activities.
What Can a SEBI-Registered Research Analyst Do?
In India, Research Analysts (RAs) are regulated under the SEBI (Research Analysts) Regulations, 2014.
These rules define the services an analyst can legally offer while ensuring transparency and investor protection.
A registered Research Analyst is permitted to:
1. Publish Research Reports: They can prepare structured research reports on listed securities or market segments.
These reports may include technical or fundamental analysis, sector outlook, financial interpretation, valuation reasoning, and clearly stated assumptions and risks.
Proper disclosures, including any conflicts of interest, are mandatory.
2. Provide Research-Based Recommendations: An RA can issue buy, sell, or hold recommendations, but only when supported by documented research.
Recommendations must clearly mention risks and must not imply guaranteed outcomes.
3. Share Analytical Insights: Research Analysts may offer opinions on stocks, sectors, market trends, macroeconomic developments, or derivative strategies.
However, their role is limited to analysis and advisory; they do not execute trades or manage client funds.
4. Charge Fees as per SEBI Norms: They are allowed to charge fees for research services, provided the fee structure is transparent and agreed upon in advance.
Compensation cannot be linked to profits, performance, or profit-sharing arrangements.
What Is a Research Analyst Not Allowed to Do?
SEBI clearly outlines certain restrictions to safeguard investors.
A registered Research Analyst is not permitted to:
1. Guarantee Profits or Assured Returns: They cannot promise fixed income, guaranteed gains, or risk-free returns. Financial markets are inherently volatile, and outcomes can never be certain.
Any statement suggesting “sure profit” or “no risk” misrepresents the true nature of investing and violates regulatory principles.
2. Assure Recovery of Losses: They cannot claim that trading losses will definitely be recovered through future recommendations. Markets do not operate on guarantees, and no strategy can ensure recovery.
Assurances of “loss cover” or “capital protection through next call” create unrealistic expectations.
3. Predict Markets with Certainty: No analyst can present market movements as certain or risk-free. Research may provide probability-based insights, but it cannot eliminate uncertainty.
Language implying fixed outcomes or definite price targets without risk acknowledgment is misleading.
4. Charge Profit-Linked Fees: Fees cannot be based on client profits, performance, or profit-sharing arrangements. Compensation must remain independent of trading outcomes to avoid conflicts of interest.
Linking fees to gains may encourage excessive or high-risk trading behavior.
5. Use High-Pressure Sales Practices: Repeated unsolicited calls, artificial urgency, or forcing immediate payment is not acceptable.
Investors must be given sufficient time to review terms and assess risks. Ethical advisory practices require informed consent, not pressure-driven decisions.
6. Avoid Proper Documentation and Disclosures: Clear agreements, transparent fee terms, and detailed risk disclosures are mandatory.
Clients should understand the scope of services, limitations, and responsibilities before engaging. Lack of proper documentation weakens transparency and investor protection.
Any communication that removes the element of market risk or suggests guaranteed outcomes is considered misleading under regulatory standards.
What to Do If You Face Issues with Your Research Analyst?
If you believe a Research Analyst has acted in a misleading or non-compliant manner, stay calm and take a structured approach.
Here are the steps you should follow to file a complaint:
1. Collect Proof
Save:
- WhatsApp chats
- Call records
- Payment receipts
- Invoices
- Website screenshots
2. Lodge a Complaint in SCORES
Use SEBI’s SCORES platform to report:
- Misrepresentation
- Guaranteed return promises
- Misuse of SEBI registration
3. File Arbitration in Stock Market
If you don’t get any satisfactory response from SEBI, then:
- Escalate the concern
- File arbitration.
Need Help?
Situations like these can feel confusing for investors, especially when everything appears formal and structured, such as regulatory registration, official invoices, and professional communication.
If you need guidance, you can register with us and seek structured support to:
- Understand the SEBI complaint and grievance process
- Organize relevant evidence and documentation
- Draft and submit a clear, well-supported complaint
- Explore further remedies, including escalation or arbitration if required
The key is to focus on facts, proper records, and following the correct regulatory process.
Conclusion
Wise Global Research is a SEBI-registered Research Analyst, operating within the regulatory framework prescribed by the Securities and Exchange Board of India.
This registration means the firm is authorized to provide research-based insights and recommendations, subject to specific compliance standards, disclosures, and fee norms.
However, registration is not a blanket approval for all financial activities.
The Research Analyst regulations clearly define the scope of permitted services and place strict restrictions on guarantees, profit-linked fees, and portfolio management functions.
For investors, the key is to understand not just that a firm is registered, but whether its actual services and communication remain aligned with SEBI’s defined regulatory boundaries.
