In India’s regulated investment advisory landscape, working with a SEBI-registered Research Analyst (RA) adds a layer of accountability and compliance.
One such registered professional is Yashdeep Kothari, operating from Udaipur, Rajasthan.
This article provides an informative overview of his registration details, services offered, and what a Research Analyst is legally permitted to do under Indian regulations.
Who is Yashdeep Kothari?
Yashdeep Kothari provides SEBI-compliant research and investment analysis services with a focus on data-backed insights and structured methodology.
Yashdeep Kothari operates through Kothari Research, the platform under which he delivers his research and analytical services.
Through this entity, he provides SEBI-compliant equity research, market and sector analysis and structured research reports supported by data-driven frameworks.
The operations focus on systematic analysis, transparent disclosures, and clearly defined recommendations rather than speculative or short-term trading claims.
All services are positioned within the scope permitted to a SEBI-registered Research Analyst, with an emphasis on informed decision-making, risk awareness, and regulatory compliance, rather than fund handling or return guarantees.
Below are the services that SEBI-registered Research Analyst provides:
1. Market Insights
The service includes timely commentary on macroeconomic developments, market trends, and sectoral movements. This helps investors stay updated with actionable intelligence rather than relying on speculation.
2. Portfolio Review
Investors can opt for personalized portfolio review sessions. These reviews aim to align existing investments with long-term financial goals through objective, data-driven recommendations.
3. Research Reports
Comprehensive equity and sector research reports are offered with:
- Clear price targets
- Transparent recommendations
- Detailed rationale and valuation logic
All research is positioned as SEBI-compliant and structured to support informed decision-making.
4. Data Visualization
Understanding financial data is crucial for smart investing. The platform also emphasizes data visualization to simplify complex financial and market information.
Is Yashdeep Kothari SEBI Registered?
Yashdeep Kothari is registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst.
Key Registration Information:
- Name: Yashdeep Kothari
- Registration No.: INH000021270
- Validity: June 24, 2025 – Perpetual (subject to regulatory compliance)
Being SEBI-registered means the analyst is required to follow the SEBI (Research Analyst) Regulations, including compliance standards, disclosures, and ethical guidelines.
What a SEBI-Registered Research Analyst Can Legally Do?
Under SEBI regulations and SEBI guidelines for research analyst, a registered Research Analyst is permitted to:
- Provide research reports on securities
- Offer recommendations with proper disclosures
- Publish price targets based on analytical frameworks
- Conduct portfolio reviews (without managing client funds directly unless separately registered as a Portfolio Manager)
- Provide market commentary and sector analysis
What a RA Cannot Do?
All recommendations must be supported by proper disclosures, risk statements, and conflict-of-interest transparency.
A RA cannot:
- Guarantee fixed or assured returns
- Manage client funds directly (unless registered under Portfolio Management Services regulations)
- Engage in misleading advertisements or unverified performance claims
Research Analyst Major Red Flags
A SEBI-registered Research Analyst (RA) is legally bound to follow strict compliance rules.
However, in some cases, especially with unregistered or unethical operators, misuse of the “Research Analyst” label can occur. Investors should understand the possible risks.
1. Guaranteed Return Claims
One of the most common violations is promising fixed or assured returns. Under SEBI regulations, no Research Analyst is allowed to guarantee profits.
If someone claiming to be an RA promises “monthly fixed income” or “100% accuracy,” it is a major red flag.
2. Pump and Dump Tactics
In unethical scenarios, an analyst may recommend a low-volume stock while holding positions in it personally.
After public recommendation increases demand and price, they may sell at higher levels. This is a serious conflict of interest and violates disclosure norms.
3. Misleading Performance Screenshots
Selective sharing of only profitable calls while hiding losses can create a false impression of accuracy.
SEBI requires fair and balanced presentation of performance data, not cherry-picked results.
4. Hidden Fees or Upselling
Some operators advertise low-cost research services but later push expensive “premium packages” with exaggerated claims.
Aggressive upselling combined with unrealistic projections should be treated cautiously.
5. Fake Registration Claims
Certain individuals misuse or copy registration numbers of genuine RAs to appear legitimate. Investors should always verify registration independently on SEBI’s official website.
6. Unauthorized Fund Handling
A Research Analyst is not allowed to directly manage or hold client funds unless separately registered under Portfolio Management Services (PMS).
If someone asks you to transfer money to their personal account for trading, it is a serious violation.
What to Do If You’re Facing Issues with Your RA?
If you suspect misleading advice, regulatory violations, unauthorized transactions, or financial loss, it is important to act promptly and follow a structured reporting process.
Timely action improves the chances of resolution and regulatory intervention.
1. Preserve Evidence Immediately
Before filing any complaint, preserve all relevant evidence. This step is critical.
Maintain copies of:
- Account opening forms, agreements, and KYC documents
- Trade confirmations, contract notes, and account statements
- Screenshots of Telegram posts, profit claims, “target achieved” messages, and advertisement
- Bank statements, UPI references, and transaction IDs
Organized documentation strengthens your complaint and prevents disputes over facts later.
2. Reach Out to the Registered Research Analyst
As a first step, raise your grievance directly with the concerned entity.
Send a written complaint (email is preferable) explaining:
- The issue faced
- Dates, transactions, and amounts involved
- The resolution you are seeking
SEBI regulations require registered intermediaries to have a grievance redressal mechanism. Retain proof of communication and responses received, if any.
3. File a Complaint on SEBI SCORES
If the issue is not resolved satisfactorily, file a complaint through SEBI SCORES (SEBI Complaints Redress System).
On the portal:
- Register yourself using your PAN and contact details.
- Select the appropriate intermediary category (Research Analyst / Broker / Investment Advisor).
- Upload supporting documents and screenshots.
- Track SEBI complaint status online.
Once submitted, SEBI forwards the complaint to the concerned entity and monitors their response. You will receive a complaint reference number to track progress.
4. File Arbitration in Stock Exchange
If the response through SCORES is inadequate or rejected, investors may:
- Seek escalation under SEBI’s dispute resolution framework
- Explore arbitration mechanisms available through stock exchanges, where applicable
Arbitration provides a formal platform to resolve disputes involving registered market intermediaries without lengthy court proceedings.
Need Help?
If you are unsure whether a Research Analyst has violated regulations or needs assistance understanding your options, you can reach out to us.
We help review your documents, assess potential compliance breaches, and guide you on the appropriate reporting process.
Our goal is to ensure that your complaint is structured clearly and supported with proper evidence.
Taking timely action can make a significant difference. If you need clarity, direction, or support, we are here to assist you.
Conclusion
Yashdeep Kothari is a SEBI-registered Research Analyst offering market insights, portfolio reviews, research reports, and data-driven financial analysis from Udaipur, Rajasthan.
His services emphasize compliance, structured methodology, and analytical rigor supported by accounting and forensic expertise.
For investors, working with a registered Research Analyst can provide an added layer of regulatory oversight and transparency.
However, it is always advisable to independently assess suitability, understand associated risks, and ensure that any investment decision aligns with personal financial goals.
As with all market participation, informed decision-making remains the strongest protection.
