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Sebi orders Avadhut Sathe, academy to refund Rs 546 crore

The Securities and Exchange Board of India has directed Avadhut Sathe Trading Academy to refund 546.18 crore to investors. Avadhut Sathe and his academy provided unregistered investment advisory services under the pretext of education. The regulator found that misleading testimonials were circulated while concealing overall trading losses. A penalty of 11.5 crore was imposed on Sathe and the academy for their actions.

24 Oct 2026 11:01 am