Description
SEBI issues General Remittance Order against Krishnamurthy G. (PAN: BSFPK6683P) in unregistered investment advisor matter under Recovery Certificate No. 8817 of 2025.
Summary
SEBI has issued a General Remittance Order dated 29.08.2025 under Recovery Certificate No. 8817 of 2025 against Krishnamurthy G. (PAN: BSFPK6683P) in connection with unregistered investment advisor activities.
Key Points
- Recovery Certificate No. 8817 of 2025 issued against Krishnamurthy G.
- Individual’s PAN: BSFPK6683P
- Matter relates to unregistered investment advisor activities
- General Remittance Order dated 29.08.2025
- Enforcement action under SEBI’s recovery framework
Regulatory Changes
No new regulatory changes introduced. This represents enforcement of existing regulations regarding unregistered investment advisors.
Compliance Requirements
- Investment advisors must be registered with SEBI before providing advisory services
- Individuals providing investment advice without registration face recovery actions
- Compliance with SEBI’s investment advisor regulations mandatory
Important Dates
- Order Date: 29.08.2025
- Recovery Certificate: No. 8817 of 2025
Impact Assessment
Limited market impact as this is an individual enforcement action. Reinforces SEBI’s commitment to regulating investment advisory services and taking action against unregistered advisors. Serves as a deterrent for others operating without proper registration.
Impact Justification
Recovery action against individual unregistered investment advisor - significant for compliance but limited market impact