Big action! Who is Avadhut Sathe? Why SEBI ordered Avadhut Sathe Trading Academy to refund ₹546 cr - What he did?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The Securities and Exchange Board of India directed Avadhut Sathe Trading Academy to refund ₹546.17 crore on Friday.
- ✓SEBI said the academy ran unregistered investment advisory services.
- ✓Sathe got a two-year market ban for misleading participants.
Story at a Glance
- Category
- MARKET
- Reported By
- Livemint
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
The Securities and Exchange Board of India (SEBI) took action against Indian stock markets and options trader, Avadhut Sathe, and his trading academy, for running an unregistered investment advisory and research analyst business.
The markets regulator, on Friday, directed Avadhut Sathe Trading Academy Private Limited (ASTAPL) and its founder to refund ₹546.17 crore collected from participants for providing unregistered investment advisory and research analyst services, along with interest of ₹67.87 crore.
Who is Avadhut Sathe?
Avadhut Sathe started trading and investment in 1991. As per his trading academy’s official website, Sathe regularly conducts seminars in stock market trading since February 2008.
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