Mumbai: After the Securities and Exchange Board of India (SEBI) banned finfluencer Avadhut Sathe from accessing the securities market for allegedly running unregistered investment advisory activities under his training institutes’ business, Avadhut Sathe Trading Academy (ASTA) on Friday said that they would challenge the market regulator’s order.

In a statement, ASTA denied the allegations mentioned in the order and reiterated that it only operates as an educational and training institution, not as an investment adviser, research analyst, or financial influencer.

“Our programmes are designed exclusively for skill-building and decision-making training in financial markets. We neither issue stock recommendations nor provide investment advice, nor do we monetise our social media platforms,”

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