Wise Global Research

Many investors believe one thing:

“If a company is SEBI registered, its operations should be aligned with regulatory guidelines. However, in practice, many companies fail to adhere to these standards, which has led to losses for traders.

One such company is Wise Global Research, a SEBI-registered research analyst firm.

Let’s get into the details of what violations the firm committed, and what a retail trader can do in such cases

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

At first glance, this creates trust.

While Wise Global Research takes investor grievance redressal seriously, December 2025 saw two complaints raised against the firm on SEBI’s SCORES platform.

Both were resolved promptly, highlighting a responsive grievance mechanism.

That said, the very existence of complaints raises important questions: why did they arise in the first place? Such instances reinforce the need for constant vigilance, transparency, and improvement to ensure investor concerns are addressed even before they turn into complaints.

Wondering why that is important?

Based on one of the complaints received, it became clear that traders should not follow a research analyst’s views or instructions blindly. Investors must understand what is permitted under SEBI regulations and where the boundaries lie.

Let’s take a closer look at the case to understand this better.

Wise Global Research Complaints

An investor recently complained about Wise Global Research, highlighting a series of concerning practices in their portfolio management services.

The firm allegedly assured clients that losses would be fully recovered and that trading risks were negligible, creating a sense of security that encouraged further investment. Promises of professional portfolio management were accompanied by subtle pressure to invest larger sums, including a plan of ₹1,80,000.

To build trust, the firm reportedly conducted a demo trade that generated a small profit of around b

This demonstration appeared designed to instill confidence, but it may constitute a profit-linked inducement, which is prohibited under SEBI regulations. Acting on this assurance, the investor paid a total service fee of ₹83,000.

Strikingly, only ₹12,000 of this amount went to the official company account, while the remainder was collected through unofficial channels, raising further red flags.

Despite these payments, the investor suffered total trading losses amounting to ₹6,50,000. The losses were attributed to a combination of aggressive or incorrect trading advice, lack of guidance on stop-losses, and reckless execution of trades.

Communication was limited to WhatsApp messages and phone calls, with no formal agreements, risk disclosures, or other SEBI-mandated documentation provided. Once losses were incurred, the firm reportedly stopped responding to calls and messages, offering no support or assistance in recovering funds.

Based on one of the complaints we received against the firm, it is clear that the firm, even after being SEBI-registered, was involved in misleading trading practices, such as:

1. Guaranteed profit and loss recovery promises
2. Portfolio management claims by a Research Analyst
3. Live trading instructions over WhatsApp
4. Payment pressure tied to profit expectation
5. Mismatch between the invoice disclaimer and the actual conduct
6. No written agreement or risk disclosure

These practices raise serious compliance concerns and show that being registered with a regulator does not automatically prevent misconduct.

In the sections below, each issue is explained in simple terms, along with proof from the complaint, to help readers understand what went wrong and how regulatory limits were crossed.

Violations Done by Wise Global Research

Here are the details of how the firm is involved in misguiding traders, who showed trust in them and paid them with the hope to make some future in trading.

1. According to the complaint, the user received a call from Wise Global Research, where a person named Priya (name changed) offered a ₹6,000 demo plan. During this call, profits were promised through trading tips, creating an expectation of assured returns.

   As part of this trust-building phase, a demo trade was executed that reportedly generated a profit of approximately ₹3,000. This profit was then used to build the user’s confidence and encourage further engagement and payments.

   Now, this alone is enough to state that the firm is misusing SEBI registration.

   How?

   Well, as per SEBI regulations, is it allowed for aResearch Analyst Share Profit In India:
   -Promise or imply assured profits
   – Use demo trades to induce clients
   – Market services by showcasing profits.

   Using a profitable demo trade to gain trust and push paid services crosses the line from unbiased research into profit-linked inducement, which is explicitly prohibited. This practice can mislead investors into believing that similar profits are guaranteed in real trading conditions.

2. The WhatsApp chat records tell a different story altogether.

   
   Messages such as “sir book profit in RVNL,” repeated requests for trading screenshots, and real-time discussions around options trades were clearly visible.

   The chats included live references to NIFTY and BANKNIFTY positions, specific options contracts (CE/PE), lot sizes, profit and loss figures, and even direct instructions like “EXIT AT MARKET.”

   This goes far beyond passive research or general market commentary. What emerges instead is clear, real-time, trade-by-trade influence, activity that crosses the line from research into execution-oriented guidance.

3. The messages also reveal repeated pressure to make payments, including requests to pay ₹30,000 immediately. Statements such as “aaj aur profit kar lenge” and “time ho gaya sir, amount karo” clearly link payment demands with expectations of continued profits.

   This kind of language is problematic because it directly ties fees to trading outcomes, creating a sense of urgency and inducement.
   SEBI regulations strictly prohibit:
   -Linking payments to profit expectations
   -Using urgency or pressure tactics to sell research or advisory services.

   Such practices blur the line between permitted research services and prohibited inducements, putting investors at risk and undermining regulatory safeguards.

4. As per the complainant, the total service fee paid to the firm amounted to ₹83,000. However, available payment records show that only ₹12,000 was transferred to the company’s official account.
   

   This discrepancy raises an important question about the remaining amount. The complaint suggests that the balance payment may have been collected through channels other than the firm’s official account, possibly a personal account.

   Such gaps between claimed fees and recorded company payments are significant, as they point to potential transparency and compliance issues that warrant closer examination

How to File a Complaint Against a Stockbroker?

The case of Wise Global Research raised serious concerns and at the same time, highlighted the importance for traders and investors not to trust any kind of advice blindly. It is important to note that the stock market is unpredictable and following anyone by looking at profits might lead to much bigger losses.

In case, you have suffered losses due to any such misleading advisory, then take a step now and file a complaint by following steps below:

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?

Cases like this confuse investors because everything looks official:

• SEBI registration
• GST invoices
• Professional language

Reach out to us; we help people:

• Understand the SEBI complaint process. 
• Prepare proper complaints with evidence
• Documentation and drafting of the complaint
• Representing case in arbitration.

The focus stays on facts, documents, and the right process.

Conclusion

Wise Global Research shows how registration can be used as a trust shield while rules get ignored in practice.

Research is allowed, Advice has limits, Portfolio management needs separate approval,  and Guaranteed profits are never legal.

Always verify what a company can legally do, not just what it claims.