Sebi impounds Rs 546 cr from finfluencer, Pg15

Key Highlights:

• SEBI impounded ₹546.16 crore from Avadhut Sathe Trading Academy Pvt Ltd (ASTAPL) and Avadhut Sathe.
• The action was taken due to unregistered investment advisory and research analyst activities.
• ASTAPL and Sathe provided services under the guise of stock market education.

Detailed Insights:

• SEBI found that ASTAPL and Sathe were using live market trading data during their sessions.
• The order was issued by SEBI Whole-time Director Kamlesh Chandra Varshney.
• This action highlights SEBI's efforts to regulate finfluencers and protect investors from unregistered investment advice.

Key Concepts Involved:

• Finfluencer: Individuals who provide financial advice or commentary on social media platforms.
• Investment Advisory: Providing advice to others on the value of securities or investment strategies.
• Research Analyst: Individuals who prepare reports and recommendations on securities for investors.