Description
SEBI notice of attachment dated August 11, 2025 in RC no 8787 of 2025 against Money Streets Advisory Services LLP, Zulfiqar Ahmed, and Ifteqaar for regulatory violations.
Summary
SEBI has issued a notice of attachment dated August 11, 2025 in recovery case (RC) no 8787 of 2025 against Money Streets Advisory Services LLP (PAN: ABGFM6563R), Zulfiqar Ahmed (PAN: ABTPZ7804K), and Ifteqaar (PAN: ADVPI9206N). This enforcement action relates to regulatory violations by the advisory services firm and its associates.
Key Points
- Attachment notice issued against Money Streets Advisory Services LLP and two individuals
- Recovery case number: RC 8787 of 2025
- Date of notice: August 11, 2025
- Involves investment advisory services violations
- Multiple entities/individuals subject to enforcement action
Regulatory Changes
No regulatory changes announced in this enforcement notice.
Compliance Requirements
- Entities subject to attachment must comply with SEBI’s recovery proceedings
- Investment advisors must ensure adherence to SEBI regulations
- Proper registration and compliance with advisory services norms required
Important Dates
- August 11, 2025: Date of attachment notice
- August 12, 2025: Publication date
Impact Assessment
This enforcement action demonstrates SEBI’s continued vigilance in regulating investment advisory services. The attachment notice against Money Streets Advisory Services LLP and associates indicates serious compliance failures. While the direct market impact is limited, it serves as a warning to other advisory firms about the importance of regulatory compliance.
Impact Justification
Attachment notice indicates serious regulatory violations but impact limited to specific entities