SEBI's tough action against finfluencer Avadhut Sathe highlights how the regulator has been tightening its noose around those who are dispensing investment advice under the guise of education without registering with the market watchdog. Sathe has been barred from securities market and the order impounds Rs 546 crore deemed as prima facie unlawful gains.

Sathe had been in the regulator's crosshairs for long with raids on his academy in August and an administrative warning issued earlier in March last year. At a FICCI-CAPAM event, SEBI whole time member Kamlesh Chandra Varshney said that the regulator wants to send a signal that Sebi is intensifying enforcement against market influencers who misguide retail traders under the garb of education.

Varshney's message was clear -- the watchdog

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