Archive · 27 Jan 2026
Sebi Penalizes Avadhut Sathe for Unlawful Gains
The Securities and Exchange Board of India (Sebi) has penalized Avadhut Sathe Trading Academy for making unlawful gains from unregistered market activities between 2020 and 2025.
The academy was ordered to deposit ₹100 crore, with Sebi alleging that it made ₹546 crore from these activities.
Legal experts highlight the difficulty in distinguishing between financial education and investment advice, which contributes to the ongoing issue of non-compliance.
Sebi has also penalized other financial influencers, or finfluencers, for similar offenses, indicating a broader crackdown on unauthorized investment advisory services.
Avadhut Sathe Trading Academy penalized ₹100 crore for unlawful gains from unregistered market activities.
Sebi alleges the academy made ₹546 crore from 2020-2025, misleading investors.
Legal experts note the challenge in distinguishing between financial education and investment advice.
Sebi has penalized other finfluencers like Asmita Patel and Mohammad Nasiruddin Ansari.
Regulatory concerns arise when educational content turns into stock-specific recommendations.
- Who
- Avadhut Sathe Trading Academy
- What
- Penalized for unlawful gains from unregistered market activities
- When
- 2020-2025
- Where
- India
- Why
- Allegations of misleading investors and making unlawful gains
- Penalized Entity
- Avadhut Sathe Trading Academy
- Penalty Amount
- ₹100 crore
- Alleged Unlawful Gains
- ₹546 crore
- Period of Unregistered Activities
- 2020-2025
- Regulatory Body
- Securities and Exchange Board of India (Sebi)
- Legal Experts' Concerns
- Distinguishing between financial education and investment advice
- Other Penalized Finfluencers
- Asmita Patel, Mohammad Nasiruddin Ansari, Ravindra Balu Bharti