{"id":6853,"date":"2026-07-23T12:31:44","date_gmt":"2026-07-23T12:31:44","guid":{"rendered":"https:\/\/www.paytmmoney.com\/blog\/?p=6853"},"modified":"2026-07-23T12:52:00","modified_gmt":"2026-07-23T12:52:00","slug":"unregistered-investment-advisors","status":"publish","type":"post","link":"https:\/\/www.paytmmoney.com\/blog\/unregistered-investment-advisors\/","title":{"rendered":"Protect Yourself from Unregistered Investment Advisors"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">At Paytm Money, your safety and well-being are our top priority. As part of our ongoing efforts to keep investors informed and protected, we would like to alert you to the growing presence of unregistered advisors and entities in the market.<\/span><\/p>\n<h2><b>What\u2019s Happening?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Exchange has identified certain individuals engaging in illegal and misleading activities, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Promising assured or guaranteed returns on stock market tips<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Offering dabba (illegal) trading services<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Managing investors\u2019 trading accounts without proper regulatory approval<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">These practices are not only misleading but also illegal.<\/span><\/p>\n<h2><b>Entities Involved<\/b><\/h2>\n<h3><b>Some Specific Unregistered Advisors Brought to Light in the Month of July Include<\/b><\/h3>\n<ul data-start=\"79\" data-end=\"2050\" data-is-only-node=\"\" data-is-last-node=\"\">\n<li data-section-id=\"g1jugz\" data-start=\"79\" data-end=\"378\"><strong data-start=\"81\" data-end=\"95\">Gagan Jain<\/strong> (Jain Futurology Stocks \/ Futurology Indian Share Market \/ Future Research)\n<ul data-start=\"174\" data-end=\"378\">\n<li data-section-id=\"1ogei2o\" data-start=\"174\" data-end=\"197\"><strong data-start=\"176\" data-end=\"186\">Phone:<\/strong> 9871280737<\/li>\n<li data-section-id=\"ci73ds\" data-start=\"200\" data-end=\"236\"><strong data-start=\"202\" data-end=\"212\">Email:<\/strong> <a class=\"decorated-link cursor-pointer\" rel=\"noopener\" data-start=\"213\" data-end=\"236\" data-is-only-node=\"\">teamgaganjain@gmail.com<\/a><\/li>\n<li data-section-id=\"1e2zp8o\" data-start=\"239\" data-end=\"378\"><strong data-start=\"241\" data-end=\"261\">Online Presence:<\/strong> Telegram, X (Twitter), YouTube (Jain Futurology Stocks \/ @Futurologyindiansharemarket), Instagram (@stock.market.11)<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"1dew3h5\" data-start=\"380\" data-end=\"557\"><strong data-start=\"382\" data-end=\"391\">Disha<\/strong> (claiming association with <strong data-start=\"419\" data-end=\"431\" data-is-only-node=\"\">TradeInn<\/strong>)\n<ul data-start=\"435\" data-end=\"557\">\n<li data-section-id=\"17lipjd\" data-start=\"435\" data-end=\"458\"><strong data-start=\"437\" data-end=\"447\">Phone:<\/strong> 7974092256<\/li>\n<li data-section-id=\"6yjhr\" data-start=\"461\" data-end=\"487\"><strong data-start=\"463\" data-end=\"475\">Website:<\/strong> tradeinn.in<\/li>\n<li data-section-id=\"z3jels\" data-start=\"490\" data-end=\"557\"><strong data-start=\"492\" data-end=\"505\">Activity:<\/strong> Allegedly providing dabba\/illegal trading services.<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"1sf4i2g\" data-start=\"559\" data-end=\"809\"><strong data-start=\"561\" data-end=\"583\">Unknown Individual<\/strong> (CRUDE OIL COMMODITY MCX TRADE \/ NIFTY DESK)\n<ul data-start=\"631\" data-end=\"809\">\n<li data-section-id=\"1u9eqel\" data-start=\"631\" data-end=\"654\"><strong data-start=\"633\" data-end=\"643\">Phone:<\/strong> 7424893664<\/li>\n<li data-section-id=\"1f4gt7o\" data-start=\"657\" data-end=\"744\"><strong data-start=\"659\" data-end=\"679\">Online Presence:<\/strong> Telegram channels \u2013 CRUDE OIL COMMODITY MCX TRADE and NIFTY DESK<\/li>\n<li data-section-id=\"10tjuy8\" data-start=\"747\" data-end=\"809\"><strong data-start=\"749\" data-end=\"762\">Activity:<\/strong> Allegedly providing account handling services.<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"pwb2u\" data-start=\"811\" data-end=\"1015\"><strong data-start=\"813\" data-end=\"851\">Amit, Venktesh Reddy &amp; Anand Kumar<\/strong>\n<ul data-start=\"854\" data-end=\"1015\">\n<li data-section-id=\"jtbd7v\" data-start=\"854\" data-end=\"889\"><strong data-start=\"856\" data-end=\"866\">Phone:<\/strong> 8401907771, 7224974471<\/li>\n<li data-section-id=\"1s2v21z\" data-start=\"892\" data-end=\"945\"><strong data-start=\"894\" data-end=\"914\">Online Presence:<\/strong> Facebook group \u2013 Dabba Trading<\/li>\n<li data-section-id=\"z3jels\" data-start=\"948\" data-end=\"1015\"><strong data-start=\"950\" data-end=\"963\">Activity:<\/strong> Allegedly providing dabba\/illegal trading services.<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"1o0emq\" data-start=\"1017\" data-end=\"1255\"><strong data-start=\"1019\" data-end=\"1040\">Let&#8217;s Trade India<\/strong>\n<ul data-start=\"1043\" data-end=\"1255\">\n<li data-section-id=\"dmmqme\" data-start=\"1043\" data-end=\"1066\"><strong data-start=\"1045\" data-end=\"1055\">Phone:<\/strong> 9773687281<\/li>\n<li data-section-id=\"q9ks7b\" data-start=\"1069\" data-end=\"1185\"><strong data-start=\"1071\" data-end=\"1091\">Online Presence:<\/strong> Telegram, Instagram, YouTube (Letstradeindia639), Websites \u2013 mbhai.info and tradefuturefx.com<\/li>\n<li data-section-id=\"z3jels\" data-start=\"1188\" data-end=\"1255\"><strong data-start=\"1190\" data-end=\"1203\">Activity:<\/strong> Allegedly providing dabba\/illegal trading services.<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"1jddp01\" data-start=\"1257\" data-end=\"1405\"><strong data-start=\"1259\" data-end=\"1279\">Legendry Traders<\/strong>\n<ul data-start=\"1282\" data-end=\"1405\">\n<li data-section-id=\"13cs66d\" data-start=\"1282\" data-end=\"1313\"><strong data-start=\"1284\" data-end=\"1304\">Online Presence:<\/strong> Telegram<\/li>\n<li data-section-id=\"tt5zrl\" data-start=\"1316\" data-end=\"1405\"><strong data-start=\"1318\" data-end=\"1331\">Activity:<\/strong> Allegedly providing securities market tips and account handling services.<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"s62u5b\" data-start=\"1407\" data-end=\"1578\"><strong data-start=\"1409\" data-end=\"1427\">Unknown Entity<\/strong>\n<ul data-start=\"1430\" data-end=\"1578\">\n<li data-section-id=\"16j43xx\" data-start=\"1430\" data-end=\"1486\"><strong data-start=\"1432\" data-end=\"1452\">Online Presence:<\/strong> Telegram and a mobile application<\/li>\n<li data-section-id=\"tt5zrl\" data-start=\"1489\" data-end=\"1578\"><strong data-start=\"1491\" data-end=\"1504\">Activity:<\/strong> Allegedly providing securities market tips and account handling services.<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"15nd7e3\" data-start=\"1580\" data-end=\"1696\"><strong data-start=\"1582\" data-end=\"1601\">ZeroToHeroCalls<\/strong>\n<ul data-start=\"1604\" data-end=\"1696\">\n<li data-section-id=\"x3y5sx\" data-start=\"1604\" data-end=\"1634\"><strong data-start=\"1606\" data-end=\"1626\">Online Presence:<\/strong> YouTube<\/li>\n<li data-section-id=\"z4d7ju\" data-start=\"1637\" data-end=\"1696\"><strong data-start=\"1639\" data-end=\"1652\">Activity:<\/strong> Allegedly providing securities market tips.<\/li>\n<\/ul>\n<\/li>\n<li data-section-id=\"1brrsf\" data-start=\"1698\" data-end=\"2050\" data-is-last-node=\"\"><strong data-start=\"1700\" data-end=\"1709\">Vihan<\/strong> (claiming association with <strong data-start=\"1737\" data-end=\"1752\" data-is-only-node=\"\">Trade Mitra<\/strong>)\n<ul data-start=\"1756\" data-end=\"2050\" data-is-last-node=\"\">\n<li data-section-id=\"iuulgt\" data-start=\"1756\" data-end=\"1779\"><strong data-start=\"1758\" data-end=\"1768\">Phone:<\/strong> 7096478505<\/li>\n<li data-section-id=\"myp2tp\" data-start=\"1782\" data-end=\"1869\"><strong data-start=\"1784\" data-end=\"1804\">Online Presence:<\/strong> Telegram (MarketX \u2013 Dabba Trading) and website (thenkblife.life)<\/li>\n<li data-section-id=\"1bhhkhx\" data-start=\"1872\" data-end=\"2050\" data-is-last-node=\"\"><strong data-start=\"1874\" data-end=\"1887\">Activity:<\/strong> Allegedly providing securities market tips, assured\/guaranteed returns on stock market investments, account handling services, and dabba\/illegal trading services.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2><b>Advisory for Investors<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">To help protect your investments and ensure a secure investing experience, keep the following best practices in mind:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Verify that any funds or securities due to you are credited to your account within one working day of the payout date.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If your stock broker requests a Power of Attorney (PoA), understand exactly what permissions you are granting and for how long. Remember, providing a PoA is optional and not a regulatory requirement.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check that you receive your contract note within 24 hours of every trade and your account statement at least once every quarter.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Securities pledged as margin should only be used for the intended purpose and must not be utilised by the broker to raise funds.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you have opted for a running account, ensure your broker settles your funds and securities at regular intervals, no later than every 90 days, or every 30 days if you have selected that settlement cycle.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do not leave excess funds or securities with your broker unless they are required for trading or investment purposes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Log in to your trading and Demat accounts periodically to review balances and verify that all holdings are accurate.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Carefully review SMS and email alerts received from stock exchanges regarding your account balances, and report any mismatches without delay.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Keep your registered mobile number and email address up to date so that you continue receiving important notifications from your broker, exchanges, and depositories.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you notice any issue or discrepancy, first raise it with your stock broker. If the matter remains unresolved, escalate it to the relevant stock exchange or depository for further assistance.<\/span><\/li>\n<\/ul>\n<h2><b>Warning Against Fraud and Unauthorized Activities<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Investors are advised not to engage with individuals or entities that approach them through social media platforms such as WhatsApp, Telegram, Facebook, or Instagram with trading offers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be cautious of anyone claiming association with reputed financial institutions or showing fake certificates allegedly issued by regulators or exchanges.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid dealing with entities that promote unregulated trading platforms or applications that resemble registered brokers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Do not trust offers that promise guaranteed or assured returns in the stock market, as such claims are misleading and often fraudulent.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Never share your trading account login credentials, including your user ID and password, with anyone.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Stay away from offers that claim to provide access to special or institutional accounts with exclusive benefits or higher returns.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be alert to schemes offering easy profits through pre-IPO opportunities without proper verification.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid illegal practices such as dabba trading or any off-market trading arrangements.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Be cautious of trading courses, seminars, or mentorship programs that promise unrealistic profits or guaranteed success.<\/span><\/li>\n<\/ul>\n<h2><b>Important Note on Investor Protection<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Investments made through such unauthorized schemes are not covered under regulatory protection. You will not have access to exchange dispute resolution mechanisms in case of any issues. Grievance redressal systems provided by exchanges will not be available for such transactions.<\/span><\/p>\n<h2><b>Our Advice<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Always stay alert and verify the credentials of anyone offering investment advice or trading services, especially <\/span><a href=\"https:\/\/www.paytmmoney.com\/blog\/stay-informed-beware-of-unauthorized-investment-advisors\/\"><span style=\"font-weight: 400;\">unregistered advisors<\/span><\/a><span style=\"font-weight: 400;\">. If it sounds too good to be true, it probably is. If you ever feel unsure or spot any suspicious activity, don\u2019t hesitate to contact us. We\u2019re here to help. Stay smart. Stay safe.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><b><i>Disclaimer:<\/i><\/b><i><span style=\"font-weight: 400;\"> Investment in the securities market is subject to market risks. Read all the related documents carefully before investing. Investors are requested to do their own due diligence before investing.<\/span><\/i><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">SEBI Reg No.: Broking \u2013 INZ000240532, Research Analyst \u2013 INH000020086, Depository Participant \u2013 IN-DP-416-2019, Depository Participant Number: CDSL \u2013 12088800, NSE (90165), BSE (6707), MCX (57525), NCDEX (1315), MSEI (85300).<\/span><\/i><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">Registered Office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi \u2013 110019.<\/span><\/i><\/span><\/p>\n<p><span style=\"font-size: 10pt;\"><i><span style=\"font-weight: 400;\">For complete Terms &amp; Conditions and Disclaimers, visit<\/span><\/i><a href=\"https:\/\/www.paytmmoney.com\/\"> <i><span style=\"font-weight: 400;\">https:\/\/www.paytmmoney.com<\/span><\/i><\/a><i><span style=\"font-weight: 400;\">.<\/span><\/i><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Paytm Money, your safety and well-being are our top priority. As part of our ongoing efforts to keep investors informed and protected, we would like to alert you to the growing presence of unregistered advisors and entities in the market. What\u2019s Happening? The Exchange has identified certain individuals engaging in illegal and misleading activities,<a href=\"https:\/\/www.paytmmoney.com\/blog\/unregistered-investment-advisors\/\">Continue reading <span class=\"sr-only\">&#8220;Protect Yourself from Unregistered Investment Advisors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":27,"featured_media":6658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-6853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements"],"_links":{"self":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/6853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/comments?post=6853"}],"version-history":[{"count":0,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/posts\/6853\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media\/6658"}],"wp:attachment":[{"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/media?parent=6853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/categories?post=6853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.paytmmoney.com\/blog\/wp-json\/wp\/v2\/tags?post=6853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}