Fake Advisor Busted: Is Your Stock Tip Legit?
SEBI has cracked down on Anurag Jaiswal of Zara Portal for giving investment advice without a valid SEBI registration. If you follow unregistered advisors online, your money is at serious risk with no legal safety net.
Some fake advisors charge more per tip than your monthly grocery bill — with zero accountability.
Your money has zero legal cover when you follow unregistered advisors
Key Takeaways
Verify any investment advisor's SEBI registration number instantly at sebi.gov.in under the 'Intermediaries' section before paying a single rupee.
Stop following any advisor on Telegram, YouTube, or WhatsApp who charges fees for stock tips but cannot show a valid SEBI registration certificate.
Report suspicious unregistered advisors to SEBI at sebi@sebi.gov.in or via the SCORES portal — you may protect others from losing money.
SEBI has cracked down on Anurag Jaiswal of Zara Portal for giving investment advice without a valid SEBI registration. If you follow unregistered advisors online, your money is at serious risk with no legal safety net.
Here's what happened: SEBI issued an order against Anurag Jaiswal, proprietor of Zara Portal, for running unregistered investment advisory services in violation of SEBI regulations.. Operating as an investment advisor without SEBI registration is illegal — registered advisors must meet strict qualification, net worth, and disclosure standards.. Investors who paid for advice from unregistered advisors have no legal recourse if they suffer losses based on that advice..
What you should do: Verify any investment advisor's SEBI registration number instantly at sebi.gov.in under the 'Intermediaries' section before paying a single rupee.. Stop following any advisor on Telegram, YouTube, or WhatsApp who charges fees for stock tips but cannot show a valid SEBI registration certificate.. Report suspicious unregistered advisors to SEBI at sebi@sebi.gov.in or via the SCORES portal — you may protect others from losing money..
A genuine SEBI-registered investment advisor's registration number starts with 'INA' — always cross-check this code on SEBI's official intermediary search tool before trusting any paid advice.
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- [1]“Order in the matter of unregistered investment advisory activities by Zara Portal Proprietor - Mr. Anurag Jaiswal” SEBI RSS Feed · 9 Jul 2026
This article is reported by GoCredit's Editorial Team based on the source above. GoCredit synthesises, contextualises, and adds India-borrower-relevant analysis. We are not the original publisher.