December 30, 2025
SEBI Revokes Registration of Madurai Grocer Posing as ‘Research Analyst’
In a startling discovery that caught the regulator off guard, the Securities and Exchange Board of India (SEBI) has annulled the registration of an individual officially credentialed as a research analyst, who was actually managing a small grocery store in Madurai. The regulator cancelled the license held by Purooskhan after establishing that he had zero active participation in the securities market. During the adjudicating proceedings, it was revealed that Purooskhan runs a compact 100-square-foot provision shop, selling snacks and daily necessities, rather than providing investment advice or market research. The case was presided over by Santosh Kumar Shukla, SEBI’s quasi-judicial





