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If you are a SEBI-registered intermediary, you have probably had this conversation: an NRI client in Dubai or an OCI cardholder in the US wants to sign up, but your digital KYC cannot be completed because they are not in India. The client either waits for their next trip home, struggles through a slow paper process, or simply goes elsewhere. SEBI has now fixed this. Its new circular allows intermediaries to complete KYC of individual clients living abroad fully online, from t

If you are a Research Analyst, Investment Adviser, stock broker or any other SEBI-registered intermediary, the way you advertise is about to change. On 9 October 2026, SEBI notified the SEBI (Intermediaries) (Second Amendment) Regulations, 2026. These add a brand-new Chapter IIID to the Intermediaries Regulations, called the Common Advertisement Code. In simple terms, SEBI now has one rulebook for advertising that applies to almost every market intermediary. In this blog, we

Source: AI generated On October 9, 2026, SEBI fined an individual Research Analyst (RA) ₹4 lakh after a routine inspection found eight separate compliance gaps. There was no fraud, no market manipulation and no investor loss proven. The penalty came purely from missing records, skipped processes and paperwork that was never done. That is exactly why this case matters. Most RAs are not worried about fraud. They are worried about the small things slipping through the cracks whi

https://www.pexels.com/search/fake/ On September 30, 2026, SEBI issued a formal censure against Eqwires Research Analyst, a SEBI-registered Research Analyst (RA). The firm had already paid a monetary penalty for the same lapses a year earlier, and SEBI made it clear that paying a fine does not close the file. The case began with a surprise SEBI inspection back in November 2021. It took nearly five years to reach a final order. That alone is a lesson: what you put on your webs

SEBI has imposed penalties totalling ₹20 lakh on Shares Bazaar Pvt. Ltd., a SEBI-registered Research Analyst, and four of its directors and CEOs. The reason: the RA ran an assured-return "PMS-style" scheme it had no licence to run. The adjudication order (Order No. ORDER/MS/KS/2026-27/32738-32742) was passed on September 29, 2026 by Adjudicating Officer Medha Sonparote. It covers the period March 16, 2021 to December 16, 2022, and it began with a reference from NSE in July 20