In the last 4 months, SEBI has penalized 8 stockbrokers for the violations done by them. The names and the respective penalties include Research Analysts & Investment advisors such as:
Podium Research (₹39 Lakhs)
Capital Via (₹33 Lakhs)
Sai Research (₹19 Lakhs)
Mir Research (₹10 Lakhs)
Capital Ways (₹10 Lakhs)
Winway Research (₹7 Lakhs)
Arun N (₹7 Lakhs)
Supreme Investrade & Research Services (₹5 Lakhs)
Nifty Pro (₹2 Lakhs)

Some of the violations done by these SEBI Registered advisors include:
Assuring Guaranteed Returns
Flawed Risk Profiling
Additional fees & charges levied
Past performances shown to clients
Unaudited sales & book keeping practices

In this video, we open up everything.

We will discuss some of these case studies at length and talk about the concerns SEBI registered advisors and analysts bring to the industry. Obviously, not all such advisors are at wrong but some of them are repeat offenders.

While doing so, these patchy advisors put the whole industry into a bad light and that is what the reality has become. We sit in multiple counsellings and arbitrations as part of the Fraud Free initiative and see first hand what really is going on in this space.

As far as retail traders are concerned, they need to keep their greed sorted and use their head rationally while selecting a SEBI registered advisor too. We talk how to do that as well in this video so that there are less confusions.

At the same time, SEBI also needs to perform much more regular audits and be a bit more stringent in the overall quasi-judicial process outside SCORES. It needs to take the cognisanse of the cases handled at the Smart ODR portal as well to keep a check on the repeat and habitual offenders.

Watch this video till the end to see and learn. We just hope that the regulator takes some cues from this video and take this matter seriously before it becomes more vigrous.

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0:00 Introduction
1:13 Why SEBI Penalized Advisors?
2:01 Podium Research Case
3:08 Capital Via Case
4:06 Sai Research Case
5:49 Types of Violations
6:30 Our Involvements in Counsellings
8:44 How to trust SEBI Advisors?
12:41 Conclusion