SEBI finds Telegram channels offered unregistered investment advice
This order addresses SEBI's investigation into Telegram channels ('Intraday Jackpot' and 'Professional Day Trading Institute') for providing unregistered investment advisory and research analysis services. It examines whether the individuals involved violated regulations by offering trading advice and collecting fees without SEBI registration.
Akshay Kumar, Mithun Sah, Arjun Sah, Ravindar Thakur, Rubi Kumari, Beauti Kumari
- SEBI found that the Telegram channels provided investment advisory and research analysis services without SEBI registration.
- SEBI found that Noticees 1, 2, 3, 4, and 5 collected fees for these unregistered services.
- SEBI found that the PAN of Noticee 6 (Beauti Kumari) was used to create a Rigi account to collect fees.
- SEBI alleged violations of the SEBI (Investment Advisers) Regulations, 2013 and SEBI (Research Analysts) Regulations, 2014.
- SEBI alleged violations of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003 for making false claims of NISM certification and misleading profit assurances.
- SEBI directed that directions for refund of monies and penalties be considered under Sections 11(4), 11(4A), and 11B of the SEBI Act.
Written from the document by AI, and checked against it. The original below is authoritative.
The original document
Document details
| Official title | Order in the matter of unregistered investment advisor research analyst activities Telegram Channels Intraday Jackpot Professional Day Trading Institute Akshay Kumar and Others |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |