Description
SEBI remittance order dated 09.09.2025 under RC No. 8823/2025 against Mr. Manish Bhardwaj (PAN: CEUPB0805G) for providing unregistered investment advisory services.
Summary
SEBI has issued a remittance order dated 09.09.2025 under Recovery Certificate No. 8823/2025 against Mr. Manish Bhardwaj (PAN: CEUPB0805G) in connection with providing unregistered investment advisory services.
Key Points
- Recovery Certificate No. 8823/2025 issued against Mr. Manish Bhardwaj
- Individual PAN: CEUPB0805G
- Related to unregistered investment advisory services
- Remittance order dated September 9, 2025
Regulatory Changes
This order reinforces SEBI’s stance on unregistered investment advisory activities and demonstrates ongoing enforcement actions.
Compliance Requirements
- Investment advisors must be registered with SEBI before providing advisory services
- Individuals providing investment advice without registration face recovery proceedings
- Market participants should verify registration status of investment advisors
Important Dates
- Remittance Order Date: September 9, 2025
- Recovery Certificate: RC No. 8823/2025
Impact Assessment
This enforcement action serves as a reminder to market participants about the importance of using only SEBI-registered investment advisors. It demonstrates SEBI’s continued efforts to protect investors from unregistered advisory services and maintain market integrity.
Impact Justification
Enforcement action against unregistered investment advisor demonstrates SEBI's regulatory oversight