Pune-based finfluencer Avadhut Sathe has been in the spotlight after the Securities and Exchange Board of India (Sebi) banned his trading academy from operating in the markets.
The action comes months after Sebi officials conducted a search-and-seizure operation at Sathe’s Karjat Trading Academy in the early hours of August 20. The visit was part of Sebi’s wider crackdown on financial influencers who offer training or advice without a licence.
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Sathe has been active in the markets since 1991 and built a large online following over the years.
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