SEBI bans Avadhoot Sathe for ₹601 Cr 'rocket scam', orders ₹546 Cr confiscation.

• SEBI exposed "trading guru" Avadhoot Sathe for embezzling ₹601 crore by selling unregistered stock tips disguised as educational courses.
• Sathe induced vulnerable individuals, including the poor, to take loans to pay for his expensive courses, which ranged from ₹6,000 to ₹1,70,000.
• The investigation revealed Sathe provided live market buy-sell tips without the required SEBI registration, misleading 3.37 lakh people.
• SEBI banned Sathe, his wife, and his academy (ASTA) from all market activities and ordered the confiscation of ₹546 crore in illegal earnings.
• This action marks one of India's largest crackdowns on a fininfluencer, with Sathe's bank and demat accounts frozen.

Why It Matters: SEBI's crackdown on Avadhoot Sathe protects investors from financial fraud.