Daijiworld Media Network – Mumbai

Mumbai, Dec 5: In what is being seen as the strongest enforcement action against a financial influencer in India, the Securities and Exchange Board of India (Sebi) has barred Avadhut Sathe, the founder of Avadhut Sathe Trading Academy (ASTA), from participating in the securities market. Additionally, the market regulator has ordered the impounding of a massive Rs 546 crore, alleging wrongful gains made through unregistered investment advisory activities that misled thousands of retail investors.

The Sebi order issued on December 4 marks a critical milestone as the regulator intensifies its efforts to restore transparency and discipline in the fast-growing finfluencer ecosystem. Though Sathe positioned his academy as a training platform, Sebi’s investiga

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