SEBI Bans Finfluencer Avadhut Sathe, Freezes ₹546 Crore for Unregistered Advisory

The Securities and Exchange Board of India (SEBI) has banned finfluencer Avadhut Sathe from the securities market and impounded ₹546.16 crore of unlawful gains.

SEBI found that Sathe was providing unregistered investment advisory services disguised as stock market education. Many participants who acted on his instructions suffered financial losses, while Sathe reportedly gained unlawfully.

The order underscores that investment advisory services must be registered under SEBI regulations, and issuing market tips for profit without authorization is prohibited.

This action sends a strong warning against unregistered advisory activities in the growing fintech and social media finance sector.