How to Verify a SEBI Registered Research Analyst: Official Step-by-Step Guide & Checklist
Praveen Dubey (SEBI Registered RA)
SP RESEARCHVIA PVT. LTD. (INH000015808)
How to Verify a SEBI Registered Research Analyst: Official Step-by-Step Verification Guide & Safety Checklist
An investor protection publication by SP RESEARCHVIA PVT. LTD. (SEBI Reg No. INH000015808) empowering retail market participants to authenticate securities advisory credentials directly on the official SEBI portal and avoid financial fraud.
How to Check Any Research Analyst on SEBI Portal
- Visit the official SEBI directory:
sebi.gov.in. - Click on Intermediaries in the top navigation, select Recognised Intermediaries, and click Research Analysts.
- Search by registration number (e.g. INH000015808) or entity name (SP RESEARCHVIA PVT. LTD.).
- Verify the registered office address, validity status, and official contact email address.
1. Why Verifying SEBI Registration Is Non-Negotiable
The proliferation of unauthorized Telegram channels, fake WhatsApp investment groups, and unregistered YouTube "finfluencers" has caused massive losses for retail traders in India. Fraudulent entities frequently fabricate screenshots of astronomical profits, impersonate SEBI registered entities, and solicit unauthorized funds under the guise of "VIP trading groups."
Engaging an authentic SEBI Registered Research Analyst (RA) guarantees that your service provider is legally vetted, holds certified NISM credentials, complies with audited financial net worth benchmarks, and operates under strict fiduciary conflict-of-interest regulations.
2. Step-by-Step Online Verification Procedure on SEBI.gov.in
Always conduct independent verification directly on the official regulatory portal before paying any subscription fee:
Step 1 Access the Official SEBI Intermediaries Directory
Navigate directly to www.sebi.gov.in. Beware of cloned phishing websites with slight typographical variations.
Step 2 Search by Registration Number (INH...)
All legitimate Research Analysts possess an alphanumeric registration ID starting with INH. For example, entering INH000015808 immediately surfaces the official certificate record for SP RESEARCHVIA PVT. LTD.
Step 3 Cross-Verify Bank Account Particulars
SEBI mandates that all fees must be deposited exclusively into official current bank accounts bearing the registered legal name of the entity. Never transfer funds to personal savings accounts, individual names, or anonymous UPI handles.
3. 5 Fatal Red Flags of Unregistered & Fraudulent Advisory Schemes
✕ 1. Guaranteed / Assured Profit Promises
SEBI regulations strictly prohibit promising guaranteed returns or zero-loss trading. The stock market is inherently volatile.
✕ 2. Demands for Profit Sharing
Research Analysts charge fixed, transparent subscription fees. Demanding a percentage of your trading profit is completely illegal under SEBI RA regulations.
✕ 3. Demat Login / Password Solicitation
Research Analysts NEVER ask for your trading terminal login credentials, OTPs, or Demat control. They only publish research recommendations for you to execute independently.
✕ 4. Fabricated Profit Screenshots
Fraudulent channels circulate digitally altered P&L screenshots of crores in daily profit to prey on FOMO. Reliable research is backed by documented fundamental models and quantitative risk parameters.
SP RESEARCHVIA PVT. LTD. Regulatory Disclosures
Essential Compliance & Advisory Resources
Frequently Asked Questions (FAQ)
Q: How do I check if a stock market research analyst is registered with SEBI?
Visit the official SEBI portal at sebi.gov.in, navigate to Recognised Intermediaries -> Research Analysts, and enter the analyst name or registration number (e.g., INH000015808). The database displays registered name, valid address, and active registration status.
Q: What does an authentic SEBI Research Analyst registration number look like?
An authentic SEBI Research Analyst registration number always starts with the prefix "INH" followed by 9 numerical digits (e.g., INH000015808). Any advisor claiming to be an RA without an INH prefix is operating without SEBI registration.
Q: Can a SEBI Registered Research Analyst guarantee profits or ask for profit sharing?
No. Under SEBI regulations, research analysts are strictly prohibited from promising guaranteed returns, assuring minimum gains, or demanding profit-sharing percentages. Any advisor offering assured returns or profit sharing violates SEBI guidelines.
Q: Where should payments for research services be deposited?
All payments must be made strictly to the official bank account bearing the exact registered legal entity name of the Research Analyst (e.g., SP RESEARCHVIA PVT. LTD.). Never deposit money into personal savings accounts or personal UPI handles.
Q: How do I lodge a complaint against an unregistered stock advisor?
Investors can file complaints directly on the SEBI SCORES 2.0 portal (scores.sebi.gov.in) or report fraudulent investment schemes to the national cybercrime portal (cybercrime.gov.in) and SEBI local offices.
SP RESEARCHVIA PVT. LTD. - SEBI Registered Research Analyst
SEBI Reg No: INH000015808 | Chief Research Analyst: Praveen Dubey
Statutory Warning & Risk Disclaimer: Investment in securities market is subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
Written by Praveen Dubey
Chief Research Analyst | SEBI Reg: INH000015808
Statutory Warning & Risk Disclaimer: Investment in securities market is subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Content provided on this blog is for informational and educational purposes only.