The borrowed registration number

“SEBI Registered” in the profile, sometimes with a real-looking INH number.

What it looks like (invented example)

SEBI Registered RA ✅ INH000099999. 100% accuracy calls. Fees ₹4,999/month to advisorpay@ybl

How it works

1
A tipster copies or invents a registration number.
2
Fees go to a personal UPI handle instead of the registered entity.
3
Calls promise accuracy or fixed returns, which registered analysts are barred from.