In a press statement, the Avadhut Sathe Trading Academy (Asta) said that it “works completely with Sebi”, but emphasized that it is not a consultancy or a financial influencer. “We do not publish or distribute research reports or stock recommendations. We do not provide personalized investment advice for consideration. We also do not provide trade tips, stock calls or promise -insured returns,” said the release.
The Academy described itself as a training institution rooted in a “Gurukul leaching system” that tries to build independent traders. “Our focus has always been to develop independent traders and investors through structured training programs,” Asta said, adding that it is welcoming Sebi to guarantee compliance and transparency.
Sebi Raid last week
The clarification comes days after Sebi has carried out a search-and-seizure operation in Asta’s Karjat buildings on 20 August, where digital devices and trade data are grabbed, according to reports. The action, led by a deputy general manager, followed complaints that Penny shares were promoted in the classions.
In recent months, the supervisor has intensified the control of financial influencers and trade coaches, many of whom promote courses that indicate an insured return or advice without a permit.
Sata’s turnout
Sathe, 52, is one of the most prominent trade coaches in India, known for combining technical analysis with theatrics in Bollywood style, which often break into the dance in the mid-lecture, while encouraging students to add him to the stage. His YouTube channel has more than 9 Lakh subscribers and Asta claims to have trained more than 62,000 participants in 51 countries. Roasted in a Dadar -Chawl Before a career built abroad, Sathe set up his job in 2007 to concentrate on trade and education. From a seminar of 12 people in 2008, he grew Asta into one of the largest retail schools in India, with courses priced around RS 18,000 per module.
A greater regulatory battle
The stock markets of India, now the world’s fourth largest with more than 20 Crore Demat accounts, have seen an inflow of retail investors. Regulators claim that uncontrolled financial educational companies run the risk of misleading this new class traders. For Sathe, who frames the trade and both a livelihood and a national mission, the collision with SEBI can determine whether his brand of Bollywood-style market evangelism can survive in an era of stricter supervision.
Read also | Who is Avadhut Sathe, the trade guru in Bollywood style now under Sebi lens?
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