Description
SEBI recovery order against P. Krishnakumar and Jagadeesan for operating unregistered investment advisory services through YM Forecast.
Summary
SEBI has issued a General Remittance Order dated December 19, 2025, bearing Recovery Certificate No. 8824 of 2025 against P. Krishnakumar and Jagadeesan S for operating unregistered investment advisory services/activities through an entity called YM Forecast.
Key Points
- Recovery Certificate issued against P. Krishnakumar and Jagadeesan S
- Matter pertains to unregistered investment advisory services
- Services were operated through YM Forecast managed by the named individuals
- General Remittance Order mechanism used for recovery
Regulatory Changes
No new regulatory changes introduced. This is an enforcement action under existing SEBI regulations regarding registration requirements for investment advisors.
Compliance Requirements
- All investment advisory services must be registered with SEBI
- Entities and individuals providing investment advice must comply with SEBI (Investment Advisers) Regulations
- Non-compliance leads to recovery proceedings and enforcement actions
Important Dates
- Order Date: December 19, 2025
- Recovery Certificate No: 8824 of 2025
Impact Assessment
This enforcement action demonstrates SEBI’s continued vigilance against unregistered investment advisory services. The order serves as a deterrent to individuals and entities operating without proper registration. Market impact is limited to the specific parties involved, though it reinforces the importance of regulatory compliance for all market intermediaries and advisors.
Impact Justification
Enforcement action against unregistered investment advisors. Medium impact as it targets specific individuals rather than broader market participants.