Description
SEBI notice of attachment against P. Krishnakumar for unregistered investment advisory services through YM Forecast.
Summary
SEBI has issued a Notice of Attachment dated August 22, 2025 in Recovery Certificate No. 8802 of 2025 against P. Krishnakumar (PAN: ASDPK8613Q) in connection with unregistered investment advisory services/activities conducted through YM Forecast, which was managed by P. Krishnakumar and Jagdeesan S.
Key Points
- Enforcement action taken against P. Krishnakumar for unregistered investment advisory activities
- YM Forecast was providing investment advisory services without proper SEBI registration
- Notice of attachment issued as part of recovery proceedings
- Joint operation involving P. Krishnakumar and Jagdeesan S
- Recovery Certificate No. 8802 of 2025 assigned to this case
Regulatory Changes
This notice reinforces SEBI’s ongoing enforcement against unregistered investment advisors and highlights the regulatory requirement for proper registration before providing investment advisory services.
Compliance Requirements
- Investment advisors must obtain proper SEBI registration before commencing operations
- Entities providing investment advice without registration face enforcement action
- Assets may be attached for recovery of penalties and dues
Important Dates
- Notice of Attachment Date: August 22, 2025
- Recovery Certificate: RC No. 8802 of 2025
Impact Assessment
This enforcement action demonstrates SEBI’s continued focus on protecting investors from unregistered investment advisory services. The attachment notice indicates serious compliance violations that warrant asset recovery measures. This serves as a warning to other entities operating without proper registration.
Impact Justification
High severity enforcement action involving asset attachment for unregistered investment advisory violations