Overview
- SEBI ordered Rs 546.16 crore to be parked in fixed deposits within 15 days under a regulator lien, with banks and depositories instructed to restrict debits.
- Avadhut Sathe, ASTAPL and Gouri Sathe are restrained from market activity except liquidation and must stop advisory-like courses, live trade calls and performance advertising.
- The probe says ASTAPL collected about Rs 601.37 crore from more than 3.37 lakh participants through programmes that crossed into unregistered advisory and research services.
- Evidence cited includes seized videos, WhatsApp chats and trading records showing stock-specific instructions, with participants executing trades in 33 of 34 sampled instances.
- SEBI reports 65% of examined mentorship participants incurred losses and proposes joint disgorgement and penalties of roughly Rs 601 crore plus interest, signalling tougher scrutiny of finfluencers.