SEBI Take Major action against Avadhut Sathe , Ordered to refund ₹546.17 crore and imposed penalty of ₹11.5 crore.
The Securities and Exchange Board of India (SEBI), the regulator for the Indian stock market, has issued a major order against trading trainer Avadhut Sathe and his company, Avadhut Sathe Trading Academy Private Limited (ASTAPL). SEBI has directed them to refund ₹546.17 crore collected as fees from the relevant programs, pay ₹67.87 crore in interest,…