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Who is Avadhut Sathe, the finfluencer at the centre of a Sebi probe?

Avadhut Sathe, a prominent stock market trainer and finfluencer, is under investigation by the Securities Exchange Board of India (Sebi) for allegedly operating as an unregistered investment adviser. The regulator has impounded unlawful gains of ₹546 crore earned by Sathe and his firm, the Avadhut Sathe Trading Academy, from courses offered without proper registration.

Who is Avadhut Sathe, the finfluencer at the centre of a Sebi probe?

Credit: Livemint

Key Highlights

  • Sebi barred Avadhut Sathe from dealing in securities for unregistered investment advice.
  • The regulator impounded ₹546 crore from Sathe's unlawful earnings.
  • Sathe's trading academy collected over ₹601 crore for various courses.
  • Evidence of unregistered activities was found in eight courses offered since January 2020.
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Sources

  1. Who is Avadhut Sathe, the finfluencer at the centre of a Sebi probe?
  2. 'Finfluencer' in fix: Why did Sebi impound ₹546 crore ‘earned’ by stock market trainer Avadhut Sathe?

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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