Description
SEBI issues notice of attachment against Mohammad Nasiruddin Ansari (PAN: BYSPA0419E) in connection with unregistered investment advisory activities by Baap of Chart.
Summary
SEBI has issued a Notice of Attachment dated August 22, 2025, in RC no 8754 of 2025 against Mohammad Nasiruddin Ansari (PAN: BYSPA0419E) in connection with unregistered investment advisory activities conducted through ‘Baap of Chart’.
Key Points
- Notice of attachment issued against Mohammad Nasiruddin Ansari
- PAN: BYSPA0419E
- Case reference: RC no 8754 of 2025
- Allegation involves unregistered investment advisory activities
- Entity name: ‘Baap of Chart’
- Date of notice: August 22, 2025
Regulatory Changes
This action reinforces SEBI’s stance on unregistered investment advisory services and the regulatory requirement for proper registration before providing such services.
Compliance Requirements
- Investment advisors must be registered with SEBI before providing advisory services
- Unregistered entities conducting investment advisory activities face enforcement action including asset attachment
- Investors should verify registration status of investment advisors before taking services
Important Dates
- Notice date: August 22, 2025
- Case filing: RC no 8754 of 2025
Impact Assessment
This enforcement action serves as a deterrent for unregistered investment advisory activities and protects investors from potentially fraudulent or unqualified advisory services. The attachment proceedings indicate serious regulatory violation warranting asset freezing measures.
Impact Justification
High enforcement action against unregistered investment advisory activities with asset attachment proceedings