Earlier in August, SEBI had conducted a search operation at Sathe's trading academy. (Image: NDTV Profit) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Avadhut Sathe Trading Academy (ASTA) on Friday denied the allegations by the Securities and Exchange Board of India, claiming it was solely a training institution.

"Our programmes are educational and aimed at skill building and training in decision making in financial markets among investors and traders," the finfluencers academy said in a statement on Friday.

The organisation claimed that it is a 'victim of regulatory vacuum' and doesn't fall under the category of Research Analyst or Investment Adviser. It further clarified that it cannot be classified as a FinInfluencer as they do not monetise any of the YouTube or so

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