Broker Fraud, Fake SEBI Analysts & The Finfluencer Challenge | Stock Market Ka Tamasha

India's stock market has a tamasha problem - and it's not just about bad trades. In this episode of Stock Market Ka Tamasha, we go deep into the stories that mainstream financial media won't touch. From a 60-year-old SEBI-registered broker stealing client shares to fund someone else's guaranteed returns, to a Research Analyst who faked her Motilal Oswal experience letter and ran a YouTube channel with a stolen SEBI number - this episode has it all. And then there's the part where we take on the finfluencer industry directly. No filters. What's covered in this episode: 🔴 Modex International Securities - ₹136 Crore Broker Fraud A Delhi-based broker, 60 years old, SEBI registered, NSE and BSE member Promised guaranteed fixed monthly returns to select clients Was funding those returns by secretly selling OTHER clients' shares - without permission Client portfolios showed shares as "available" - they had already been sold KPMG forensic audit found ₹95 crore in missing securities, ₹80 crore in missing funds The director who knew everything passed away in 2021 - and took the secrets with him SEBI cancelled registration in September 2026 If your money is stuck - SCORES and SmartODR are your options. 🔴 BSE Caution Circulars - Awareness Without Action BSE keeps issuing "Caution for Investors" press releases against unregistered finfluencers Names listed: Mehta Is Back, Finance Talk with Rishabh, Bhrigu Astrology, Wealth Research, Manish Bhardwaj, Devansh Rai, Pankaj Bhardwaj, The Trading Femme, Traders Paradise and more We checked every single one - most are still active. Websites live. Instagram running. Courses selling. BSE knows. NSE knows. And yet - nothing beyond a PDF Our question to the exchanges: if you have the evidence, why isn't it going to SEBI for enforcement? We don't need awareness. We need enforcement. And if they don't have a case, why these press releases at all? 🔴 Prerna Sharma - The Research Analyst Who Lied to SEBI SEBI registered Research Analyst, registration number INH000006819 Ran a YouTube channel - Algologic Live - with titles like "Earn ₹5000 Daily" Used SEBI registration number in channel description to build trust Submitted a FAKE Motilal Oswal experience letter to get registered - admitted it herself during SEBI's surprise inspection in March 2023 Client complaint responses took 60 and 154 days - rule says 30 When asked why - she blamed the clients She even tried to settle with SEBI - then went completely silent RA registration cancelled September 10, 2026. ₹15 lakh penalty already recovered. If you've taken tips from her - you need to watch this. 🔴 Jefferies on CAS - Welcome to the Party, A Bit Late Jefferies, a global brokerage firm, released a note on September 14 calling SEBI's CAS proposals "positive" Retail traders were screaming about CAS from Day 1 - frozen Nifty screen, blind trading, no indicative price on apps NSE options ADTO fell 17%, BSE fell 26%, orders dropped 30% Jefferies said nothing. Not one tweet. Not one note. Now that SEBI has acknowledged the problem and proposed changes - Jefferies shows up with an opinion Aa gaye limelight khaane jab roti baan gayi Jitni badi institution - utni badi responsibility bhi honi chahiye 🔴 The Verified Finfluencer Challenge - Apply Now This is the part the finfluencer community won't like. We are launching India's first Verified Finfluencer Challenge - and if you are a genuine, profitable trader who teaches what you actually practice, you have nothing to worry about. There are a few conditions that need to be taken care of. Video talks about them. The Google Form link: https://forms.gle/2XaDBvuu9t9JjCdw5 If you follow a finfluencer you're not sure about - tag them in the comments or on their reels. Ask them to apply. If they say "who is Aseem Juneja, why should I prove anything to him" - now you know exactly what that means. All stories in this video are sourced from SEBI orders, BSE/NSE press releases, and publicly available documents. Have you been scammed? File Complaint here - https://aseemjuneja.in/ Check Stock Pathshala for LIVE classes and Webinars now: https://www.stockpathshala.com/pricing Google Play: https://play.google.com/store/apps/de... Buy Fraud Free Book - https://www.amazon.in/FRAUD-FREE-Outs... 0:00 Introduction 0:48 Broker Misused Client Money 4:17 Finfluencer Warnings 8:48 Analyst Registration Cancelled 11:31 Jefferies on CAS 13:04 CAS Consultation Paper