Sebi bans Sathe from mkt; orders return of Rs 601 crore
Capital market regulator Sebi has taken strong action against popular financial influencer Avadhut Sathe and his company, Avadhut Sathe Trading Academy (ASTAPL), restricting Sathe and his firm access to the stock market. The regulator also ordered them to jointly pay back Rs 601.37 crore that they earned illegally, which includes interest. This large amount was collected from more than 3.37 lakh investors.
Sebi found that Sathe and his academy were acting as unregistered investment advisors. They were providing stock tips and market analysis to a huge number of people through their stock market training programs, even though they were not registered with SEBI as required by law.
In a detailed 125-page order, the regulator stated that Avadhut Sathe was the main person behind the scheme. He encouraged his students to trade in specific stocks and gave them buy/sell recommendations in exchange for money, all under the name of 'education.'
The regulator noted that the money collected was deposited into the accounts of Sathe and his company. Sebi's investigation found that Sathe and ASTAPL were "recklessly misleading" and persuading investors to deal in the stock market based on their advice without proper registration.
The regulator conducted a detailed check of their activities from July 2017 to October 2025. It found that Sathe and his academy advertised their courses by only showing the successful trades of their participants, claiming that students consistently made high profits.
To protect other investors immediately, Sebi has directed Avadhut Sathe and his academy to immediately stop offering any investment advisory or research services. They are also banned from advertising any past performance or profits of their students and cannot use live market data for any teaching purpose.
Sebi stated that this urgent action was necessary to stop Sathe and ASTAPL from collecting more fees and from misleading the public or influencing investors further.
Sebi found that Sathe and his academy were acting as unregistered investment advisors. They were providing stock tips and market analysis to a huge number of people through their stock market training programs, even though they were not registered with SEBI as required by law.
In a detailed 125-page order, the regulator stated that Avadhut Sathe was the main person behind the scheme. He encouraged his students to trade in specific stocks and gave them buy/sell recommendations in exchange for money, all under the name of 'education.'
The regulator noted that the money collected was deposited into the accounts of Sathe and his company. Sebi's investigation found that Sathe and ASTAPL were "recklessly misleading" and persuading investors to deal in the stock market based on their advice without proper registration.
The regulator conducted a detailed check of their activities from July 2017 to October 2025. It found that Sathe and his academy advertised their courses by only showing the successful trades of their participants, claiming that students consistently made high profits.
To protect other investors immediately, Sebi has directed Avadhut Sathe and his academy to immediately stop offering any investment advisory or research services. They are also banned from advertising any past performance or profits of their students and cannot use live market data for any teaching purpose.
Sebi stated that this urgent action was necessary to stop Sathe and ASTAPL from collecting more fees and from misleading the public or influencing investors further.
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