BSE flags unregistered advisor Ashish Nayak Rocking Investment on X, Telegram
Synopsis
BSE has publicly named 'Ashish Nayak Rocking Investment' — an X and Telegram operator — as an unregistered entity soliciting funds. The advisory lands as SEBI tightens the screws on finfluencers and unauthorised tipsters, signalling that India's social-media-led tip economy is squarely in the regulatory crosshairs.
Key Takeaways
BSE on 3 June warned investors about 'Ashish Nayak Rocking Investment' , an entity not registered with SEBI as a Research Analyst.
The entity allegedly solicits funds and shares investment recommendations via an X handle and a Telegram channel .
BSE clarified the entity is neither a member nor an Authorized Person of any BSE-registered member.
Investors using such schemes have no access to BSE's investor protection or dispute resolution mechanisms.
SEBI has barred registered intermediaries from any promotional association with unregistered entities.
The Bombay Stock Exchange (BSE) on Wednesday, 3 June, issued a public advisory warning investors against an unregistered entity operating as 'Ashish Nayak Rocking Investment', which is allegedly soliciting funds and offering investment recommendations through an X handle and a Telegram channel without being registered with the Securities and Exchange Board of India (SEBI) as a Research Analyst.
What the BSE said
The exchange clarified that the entity is neither “registered as member nor as Authorized Person of any registered member of the BSE Limited.” It urged investors to steer clear of any scheme or product floated by the individual, noting that such offerings carry significant risk and fall outside the ambit of regulated investor protection.
No recourse for participants
BSE warned that investors engaging with such unregistered platforms do so at their own risk and cannot seek redress from the exchange. Schemes offering “indicative or assured returns” in the stock market, the advisory reiterated, are prohibited by law.
The exchange asked investors to verify the credentials of intermediaries on its official website and to use SEBI's portal for grievance redressal and dispute resolution services.
Pattern of social-media-led scams
This is not an isolated alert. BSE had earlier flagged a rising trend of individuals active on Telegram and Instagram luring investors into sharing their login IDs and passwords to allow third parties to handle their trading accounts — a practice the exchange has repeatedly described as high-risk.
Notably, SEBI itself has recently cautioned the public about unregistered advisory operators falsely claiming to be regulator-registered intermediaries, in some cases showcasing forged certificates purportedly issued by SEBI.
Regulator tightens the perimeter
SEBI has barred its registered intermediaries and their agents from associating — monetarily or otherwise — with unregistered entities for any promotion or advertisement of services or products. The move is part of a broader regulatory push to choke the supply of credibility that finfluencers and unauthorised tipsters have drawn from regulated names.
With retail participation in Indian equities at record highs and platforms like X and Telegram becoming default channels for trading 'tips', the BSE advisory underscores a widening enforcement challenge. Investors are urged to validate every advisory source before committing capital.
Point of View
While retail losses cannot. Until SEBI and the exchanges develop a faster takedown mechanism with platforms, named advisories will remain reactive. The real test is whether intermediaries flouting the no-association rule face visible penalties.
NationPress
19 Jul 2026
Frequently Asked Questions
Who is 'Ashish Nayak Rocking Investment' and why has BSE warned investors?
'Ashish Nayak Rocking Investment' is an entity that BSE has identified as offering investment recommendations through an X handle and a Telegram channel without being registered with SEBI as a Research Analyst. BSE has clarified that the entity is not a member or Authorized Person of any BSE-registered member and has urged investors to avoid its schemes.
Can investors who lose money to such unregistered entities approach BSE?
No. BSE has stated that investors participating in such schemes do so at their own risk and cannot seek redress from the exchange. Only complaints involving SEBI-registered intermediaries qualify for the formal investor protection and dispute resolution framework.
Are assured-return schemes in the stock market legal in India?
No. Offering indicative or assured returns in the stock market is prohibited by law. Any person or entity promising such returns is operating outside the regulatory framework, and investors are advised not to subscribe to such offerings.
How can investors verify if an advisor or intermediary is genuine?
Investors can check the registration status of intermediaries on BSE's official website and use SEBI's portal to access investor protection and dispute resolution services. Verification should be done before sharing any funds, trading credentials, or personal details.
What has SEBI done about unregistered finfluencers and tipsters?
SEBI has alerted the public about unregistered advisory services falsely claiming to be registered intermediaries, sometimes using forged certificates. It has also barred registered intermediaries and their agents from any monetary or non-monetary association with unregistered entities for promotion or advertisement.
