SEBI Orders Avadhut Sathe to Refund ₹5.46 Billion to Options Course Participants
· Business · Bloomberg, Economic Times, Moneycontrol
India's market regulator, SEBI, has ordered options trader Avadhut Sathe and his trading academy to refund ₹5.46 billion ($57.5 million) to participants of their courses. The directive follows SEBI's finding that Sathe and his academy provided unregistered investment advisory services. The refund aims to compensate individuals who enrolled in these courses.
Why it matters
This ruling by SEBI protects investors from unregistered financial advisory services and reinforces regulatory oversight in the Indian market. It sets a precedent for individuals and entities offering financial education and advice.
Read the original report — Bloomberg
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