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Market Regulator Cracks Down on Misuse of Research Analyst Registration
Sebi revoked a research analyst’s licence after finding he was operating a grocery business, highlighting stricter enforcement against misuse of market registrations and reinforcing accountability standards across the advisory industry.
India’s securities regulator has cancelled the registration of a licensed research analyst after discovering that he was primarily running a grocery shop instead of conducting regulated market research. The action followed an inspection that found no evidence of research activity, compliance systems, or client servicing. The move reinforces Sebi’s stance on ensuring credibility, professionalism, and adherence to regulatory norms within the investment advisory ecosystem.