swingstockswala

The regulator says you need to be a SEBI Registered Research Analyst to give recommendations. Fair enough. I took the required exam around six months ago and cleared it. Out of 100 questions, if I remember correctly, ONE was on technical analysis. The other 99? Fundamentals. Ratios. Numbers. Valuations. Things I don’t even use to make money from the markets and haven’t relied upon for years. For clarity, I have cleared the exam. I am NOT a registered RA and I do NOT give recommendations. But clearing that exam made me realise something. Passing an eligibility exam does not automatically mean someone knows how to make money in the market. Now comes the more interesting part. I was recently approached to promote a penny stock. I was asked to talk positively about the company and was sent a reference tweet showing me the kind of post they wanted. That reference tweet was from a VERY big market influencer with followers running into lakhs. And he is a SEBI Registered Research Analyst. I outrightly refused. I have screenshots of what I was asked to do and the reference tweet that was shared with me. I am deliberately not naming the stock, the person who approached me or the RA. And I am not making any claim about why that RA posted it because I don’t have proof of his arrangement, if any. I am only telling you what I can prove happened with ME. I was approached to promote a penny stock. And a registered RA’s existing tweet about that same stock was given to me as the reference for what they wanted me to do. Make whatever you want of it. My point is bigger than one stock or one person. Please stop treating “SEBI Registered RA” as a certificate of someone’s ability to make money or their honesty. Registration tells you that someone has fulfilled the questionable regulatory requirements to give recommendations. It does NOT tell you whether he actually knows how to make money. And it certainly does NOT certify his intent or integrity.