Description
SEBI issued prohibitory orders against Mohammad Nasiruddin Ansari, Rahul Rao Padamati, and Golden Syndicate Ventures for conducting unregistered investment advisory services through 'Baap of Chart'.
Summary
SEBI has issued prohibitory orders against Mohammad Nasiruddin Ansari, Rahul Rao Padamati, and Golden Syndicate Ventures in Recovery Certificates (RC) no. 8754, 8755, and 8758 of 2025. The entities were found to be providing unregistered investment advisory services through a platform called ‘Baap of Chart’, violating SEBI (Investment Advisers) Regulations, 2013.
Key Points
- SEBI issued prohibitory orders against three entities/individuals for conducting unregistered investment advisory activities
- The entities operated through ‘Baap of Chart’ platform without required SEBI registration
- Violation of SEBI (Investment Advisers) Regulations, 2013
- Recovery certificates issued: RC no. 8754, 8755, and 8758 of 2025
- Order aimed at protecting investors from unregistered intermediaries
Regulatory Changes
No new regulatory framework changes. This order enforces existing SEBI (Investment Advisers) Regulations, 2013, which mandate registration for all entities providing investment advisory services.
Compliance Requirements
- All entities providing investment advisory services must be registered with SEBI under the Investment Advisers Regulations, 2013
- Investors should verify registration status of investment advisors on SEBI website before availing services
- Unregistered entities must immediately cease all investment advisory activities
- Mohammad Nasiruddin Ansari, Rahul Rao Padamati, and Golden Syndicate Ventures are prohibited from conducting investment advisory activities
Important Dates
- Order Date: December 15, 2025
- Recovery Certificates: RC no. 8754, 8755, and 8758 of 2025
Impact Assessment
Market Impact: Medium - Affects retail investors who may have subscribed to ‘Baap of Chart’ services
Investor Protection: High - Prohibitory order protects investors from unregistered and potentially fraudulent investment advisory services
Compliance Impact: High - Reinforces the requirement for mandatory registration of all investment advisors, serving as a deterrent for unregistered operators
Industry Impact: Medium - Sends strong message to unregistered investment advisory platforms operating through social media and online channels that regulatory compliance is mandatory
Impact Justification
High severity prohibitory order against entities conducting illegal unregistered investment advisory services, directly impacting investor protection and market integrity