SEBI orders Avadhut Sathe Trading Academy to refund ₹546 crore for unregistered services
- The academy and its founder Avadhut Sathe were penalised ₹11.5 crore for operating without the necessary registration.
- • SEBI found that misleading promotions were used to attract participants for unregistered investment advisory services.
- Sathe must complete refunds within five months and publish notices in newspapers about the refund process within 30 days.
Source: livemint.com
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