SEBI issued interim order against Avadhut Sathe on Thursday, Dec. 4. (Photo: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The Securities and Exchange Board of India issued an interim order against finfluencer Avadhut Sathe on Thursday for alleged unlawful gains of over Rs 546 crore, directing that these should be impounded from him and his academy.

SEBI's order also bans Sathe from the securities market until further notice and prohibits him from advertising his performance or those of his course participants.

Sathe has been directed to not collect any fee from existing course participants, and remove all websites and advertisements related to his academy.

Earlier in August, SEBI had conducted a search operation at Sathe's trading academy. The finfluence

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