SEBI’s ₹546-Crore Crackdown on Finfluencer Avadhut Sathe: Inside the Order, the Academy’s Defence, and What Comes Next for Investors
SEBI barred Avadhut Sathe and his trading academy from the securities market on December 4, froze their accounts, and ordered the impounding of ₹546.16 crore, citing illegal investment advisory activities. SEBI alleges the academy collected over ₹600 crore from up to 410,000 participants since 2015. Despite the academy's earnings, SEBI says Sathe and his trading operations lost more than ₹6 crore in the past two years.