Description
SEBI enforcement action against Jadav Vamshi (PAN: BJFPJ9368B) operating as 'Baap of Chart' for conducting unregistered investment advisory activities.
Summary
SEBI has issued General Remittance Order RC No. 8757 of 2025 against Jadav Vamshi (PAN: BJFPJ9368B), who was operating under the name ‘Baap of Chart’, for conducting unregistered investment advisory activities in violation of SEBI regulations.
Key Points
- Enforcement action against individual conducting unregistered investment advisory services
- Subject was operating under the brand name ‘Baap of Chart’
- Recovery certificate issued for monetary penalties/disgorgement
- Part of SEBI’s ongoing crackdown on unregistered investment advisors
Regulatory Changes
No new regulatory changes introduced - this is an enforcement action under existing SEBI (Investment Advisers) Regulations.
Compliance Requirements
- All investment advisory activities must be conducted only by SEBI-registered Investment Advisers
- Individuals providing investment advice for consideration must obtain proper SEBI registration
- Unregistered entities must cease advisory activities immediately
Important Dates
- Order Date: August 25, 2025
- Recovery proceedings initiated as per the remittance order
Impact Assessment
This enforcement action reinforces SEBI’s commitment to regulating the investment advisory space and protecting investors from unregistered advisors. While specific to one individual, it serves as a warning to others operating without proper registration. The action has limited direct market impact but strengthens the regulatory framework for investor protection.
Impact Justification
Enforcement action against unregistered investment advisor - significant for compliance but limited market-wide impact