Sebi barred financial influencer Avadhut Sathe and his firm, Avadhut Sathe Trading Academy, from the securities market and ordered them to disgorge Rs 546 crore earned from allegedly running unregistered investment advisory and research services that misled over 3.37 lakh investors

New Delhi: Sebi on Thursday barred financial influencer Avadhut Sathe and his firm Avadhut Sathe Trading Academy Pvt Ltd from the securities market and directed them to disgorge Rs 546 crore of ‘unlawful gain’ earned from the alleged unregistered investment advisory and research analyst business.

Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) is operated by financial influencer Avadhut Sathe (AS).

In a 125-page interim order cum show cause notice, Sebi said, “Investigation has revealed that, prima facie, t

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