SEBI registered research analysts are generally clean but a few spoil the regulations. And some of them do that on a regular basis.

In this case, Dhaval Maheshbhai was induced into assured returns by one such research analyst. Mr Dhaval, although must have been careful with his funds, got lured into the promises.

We filed a complaint with the authorities with all the regulatory violations. Within 2 days, the management of the RA reached out to Mr Dhaval and agreed to pay back the fee.

The loss amount was not big enough and was not claimed in the case.

Advice - be wary of your funds and do not get into any assurances in stock market by anyone. However, if you are stuck somehow, feel free to reach out to us.