SEBI Bans Investocare: Is Your Stock Tip Legit?
SEBI has issued an order against Investocare Financial Research for acting as an unregistered investment adviser. If you pay for stock tips or research reports from unregistered firms, your money and returns could be at serious risk.
Paying ₹5,000/month for 'guaranteed' stock tips? That adviser may have zero SEBI registration.
SEBI has cracked down on unregistered investment advisers targeting your savings
Key Takeaways
Verify your adviser: Go to sebi.gov.in > 'Intermediaries' and search for any paid adviser's SEBI registration before sending money.
Stop payments immediately to any research or advisory service that cannot show you a valid SEBI Registration Number (SRN).
File a complaint at SEBI SCORES (scores.gov.in) if you paid fees to Investocare or any unregistered adviser and suffered losses.
SEBI has issued an order against Investocare Financial Research for acting as an unregistered investment adviser. If you pay for stock tips or research reports from unregistered firms, your money and returns could be at serious risk.
Here's what happened: SEBI passed an order against Investocare Financial Research for allegedly providing investment advice without a valid SEBI registration.. Unregistered advisers cannot legally charge fees, recommend stocks, or promise returns — SEBI treats this as a serious violation.. Retail investors who paid for Investocare's tips or research reports may have received advice from a legally non-compliant entity..
What you should do: Verify your adviser: Go to sebi.gov.in > 'Intermediaries' and search for any paid adviser's SEBI registration before sending money.. Stop payments immediately to any research or advisory service that cannot show you a valid SEBI Registration Number (SRN).. File a complaint at SEBI SCORES (scores.gov.in) if you paid fees to Investocare or any unregistered adviser and suffered losses..
Pro tip: A SEBI-registered investment adviser must display their registration number on every communication. If you don't see 'SEBI Reg. No. INA...' on their website or WhatsApp group, walk away immediately.
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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.