Description
SEBI issues notice of attachment dated December 3, 2025 in RC no 8801 of 2025 against Jagadeesan S (PAN: BDDPJ0903L) in the matter of unregistered investment advisory services/activities of YM Forecast managed by P Krishnakumar and Jagadeesan S.
Summary
SEBI has issued a Notice of Attachment dated December 3, 2025 in Recovery Certificate No. 8801 of 2025 against Jagadeesan S (PAN: BDDPJ0903L) in connection with the matter of unregistered investment advisory services/activities of YM Forecast managed by P Krishnakumar and Jagadeesan S. This notice is part of SEBI’s enforcement action for recovery proceedings against entities operating investment advisory services without proper registration.
Key Points
- Recovery Certificate No. 8801 of 2025 issued against Jagadeesan S
- Individual PAN: BDDPJ0903L
- Related to unregistered investment advisory services/activities
- Entity involved: YM Forecast
- Also managed by P Krishnakumar (co-manager)
- Notice of attachment issued as part of recovery proceedings
Regulatory Changes
No new regulatory changes announced. This notice represents enforcement of existing regulations requiring registration of investment advisory services under SEBI regulations.
Compliance Requirements
- All entities providing investment advisory services must be registered with SEBI
- Operating unregistered investment advisory services is a violation of SEBI regulations
- Non-compliance can lead to recovery proceedings and attachment of assets
- Investment advisors must ensure proper registration before commencing operations
Important Dates
- December 3, 2025: Notice of Attachment issued
- Recovery Certificate No.: 8801 of 2025
Impact Assessment
Regulatory Impact: This enforcement action demonstrates SEBI’s continued focus on curbing unregistered investment advisory activities. It serves as a warning to entities operating without proper registration.
Market Impact: Limited direct market impact as this action is specific to named individuals and entities. However, it reinforces regulatory compliance requirements for the investment advisory industry.
Investor Protection: Protects investors from unregistered and potentially fraudulent investment advisory services by taking action against non-compliant operators.
Industry Impact: Sends a clear message to the investment advisory industry about the consequences of operating without registration, encouraging compliance with SEBI regulations.
Impact Justification
This is an enforcement action against individuals operating unregistered investment advisory services. High severity for the parties involved, medium impact as it affects specific entities rather than market-wide operations. Important for regulatory compliance awareness.