SEBI Orders Avadhut Sathe Academy to Refund ₹546 Crore
The Securities and Exchange Board of India (SEBI) has directed Avadhut Sathe Trading Academy to refund ₹546.18 crore to investors. The academy and Avadhut Sathe provided unregistered investment advisory services disguised as education. SEBI found they circulated misleading testimonials and concealed overall trading losses. A penalty of ₹11.5 crore was also imposed on them.
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