Cracking down on an illegal finfluencer, the Securities and Exchange Board of India (SEBI) has impounded Rs 546.16 crore, representing the total unlawful gains allegedly earned by Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) and Avadhut Sathe through unregistered investment advisory and research analyst activities.

They offered unregistered investment advisory and research analyst services under the guise of stock market education while using live market trading data during sessions, according to an order issued by SEBI Whole-time Director Kamlesh Chandra Varshney. Finfluencers, or financial influencers, are individuals who create content on money-related topics across social media platforms such as YouTube, Instagram, X and Telegram.

The regulator has also restrained them from a

See Full Page