Description
SEBI notice of attachment issued against Manish Bhardwaj for unregistered investment advisory services of Flipcoin Financial Consultant.
Summary
SEBI has issued a Notice of Attachment dated August 7, 2025 under Recovery Certificate No. 8826/2025 against Manish Bhardwaj (PAN: CEUPB0805G) in connection with the matter of unregistered investment advisory services provided by Flipcoin Financial Consultant managed by Mr. Manish Bhardwaj.
Key Points
- Recovery Certificate No. 8826/2025 issued against Manish Bhardwaj
- Matter relates to unregistered investment advisory services
- Flipcoin Financial Consultant was managed by Mr. Manish Bhardwaj
- Asset attachment proceedings initiated for recovery
Regulatory Changes
No new regulatory changes introduced.
Compliance Requirements
- Investment advisors must obtain proper registration with SEBI
- Compliance with investment advisory regulations is mandatory
- Unregistered advisory services are subject to enforcement action
Important Dates
- Notice of Attachment Date: August 7, 2025
Impact Assessment
This enforcement action serves as a reminder to investment advisors operating without proper registration. The attachment of assets demonstrates SEBI’s commitment to recovering dues from non-compliant entities and protecting investor interests.
Impact Justification
Enforcement action against unregistered investment advisor with asset attachment