Sebi Orders Avadhut Sathe Trading Academy to Refund ₹546 Crore, Imposes ₹11.5 Crore Penalty
Sebi directed the academy and its founder to refund ₹546.17 crore collected for unregistered investment advisory and research analyst services, plus ₹67.87 crore in interest.
Markets regulator Sebi on Friday directed Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) and its Founder Avadhut Sathe to refund ₹546.17 crore collected from participants for providing unregistered investment advisory and research analyst services, along with interest of ₹67.87 crore.The regulator…