SEBI finds Yash Garg offered unregistered investment services via Telegram

Who it concerns: Mr. Yash Garg (Proprietor of Yash Trading Academy)

What SEBI found or ordered

• SEBI found that the Noticee offered investment advisory and portfolio management services without the required SEBI registration.
• SEBI alleged that the Noticee made false and misleading representations, including claims of guaranteed returns and false claims of being a SEBI-registered entity.
• The Noticee failed to submit a reply to the Show Cause Notice (SCN) and did not appear for the personal hearing scheduled for March 16, 2026.
• SEBI deemed the matter a fit case to proceed based on the material available on record, as the Noticee did not respond to the allegations.

Also in the document

• The order notes that the Noticee admitted during the examination that he started Telegram channels to provide portfolio services and collected fees/profits in his bank accounts.
• The complaint mentioned a specific instance where a client purchased a one-month plan for Rs. 25,000 which included a 50% profit-sharing agreement.
• The Show Cause Notice was served via email and newspaper publication after physical delivery failed, and the Noticee did not respond to subsequent reminders.