Mumbai: Finfluencer and market trainer Avadhut Sathe has been barred from accessing the securities market after the Securities and Exchange Board of India (SEBI) accused him of running an unregistered investment advisory business.

In an interim order, SEBI directed Sathe and his company, Avadhut Sathe Trading Academy Private Limited (ASTAPL), to return Rs 546.16 crore, which the regulator described as unlawful gains.

The action comes after a search and seizure operation at Sathe’s Karjat residence and training academy in August.

The operation was carried out following allegations that Sathe was giving stock-specific recommendations under the cover of investor education.

SEBI said the move followed careful planning, court permissions and surveillance.

Sathe’s personal journey has often

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