Economy
SEBI orders Avadhut Sathe Trading Academy to refund ₹546 crore
Livemint2h
THE BRIEF
1
SEBI has ordered Avadhut Sathe and his trading academy to refund ₹546.17 crore collected from investors for unregistered advisory and research services.
2
The regulator found the academy used misleading promotional claims about market returns and provided unauthorized investment advice through paid programs and WhatsApp groups.
3
Sathe and his academy are barred from the securities market for two years, and he must publish notices within 30 days detailing the refund process.