Unregistered Advisor Busted: Is Your ₹ Safe?
SEBI has passed a final order against Mohit Gupta of 'Safe Trading' for giving investment advice without a valid SEBI registration. If you or someone you know follows tips from unregistered advisors, your money has zero legal protection.
One month's SIP with a fake advisor can wipe out more than a year of chai savings — with no SEBI to call.
Your money has zero legal cover when you invest through unregistered advisors
Key Takeaways
Verify your advisor: go to sebi.gov.in > Intermediaries/Market Infrastructure Institutions > check if your advisor appears in the registered Investment Adviser list before paying any fee.
Report suspicious tip services: file a complaint on SEBI SCORES (scores.gov.in) if you have paid an unregistered person for investment advice — it creates an official paper trail.
Avoid paid Telegram/WhatsApp groups: if a channel charges subscription fees for 'sure-shot' stock or options tips, check their SEBI registration number first — most won't have one.
SEBI has passed a final order against Mohit Gupta of 'Safe Trading' for giving investment advice without a valid SEBI registration. If you or someone you know follows tips from unregistered advisors, your money has zero legal protection.
Here's what happened: SEBI passed a final order against Mohit Gupta, proprietor of 'Safe Trading', for providing investment advisory services without SEBI registration — a direct violation of IA Regulations.. Operating as an unregistered investment advisor is illegal in India; only SEBI-registered advisors are permitted to charge fees for stock, mutual fund, or trading advice.. This is part of SEBI's ongoing crackdown on illegal finfluencers and fake trading tip services that target retail investors, especially on Telegram, YouTube, and WhatsApp..
What you should do: Verify your advisor: go to sebi.gov.in > Intermediaries/Market Infrastructure Institutions > check if your advisor appears in the registered Investment Adviser list before paying any fee.. Report suspicious tip services: file a complaint on SEBI SCORES (scores.gov.in) if you have paid an unregistered person for investment advice — it creates an official paper trail.. Avoid paid Telegram/WhatsApp groups: if a channel charges subscription fees for 'sure-shot' stock or options tips, check their SEBI registration number first — most won't have one..
SEBI-registered Investment Advisers must display their registration number (format: INA000XXXXXX) on all communications. No number visible? Walk away immediately.
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- [1]“Final order in the matter of Unregistered Investment Advisor, Mr. Mohit Gupta (Proprietor of Safe Trading)” SEBI RSS Feed · 31 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.