Well-known stock market trainer Avadhut Sathe faced SEBI's action as the markets regulator passed an order impounding over ₹546 crore. SEBI ordered the impounding of unlawful gains amounting to ₹546.16 crore, which Sathe and his firm, Avadhut Sathe Trading Academy, had earned over the past several years from the alleged unregistered investment advisory and research analyst business.

Avadhut Sathe, through his firm, collected a huge amount of money (over ₹601 crore) for all the courses provided by it. Out of these courses, there was evidence of unregistered activity in respect of eight courses offered to the public between 1 January 2020 and 9 October 2025, and the amount collected for these is ₹546 crore.

However, Sathe and his firm not only offered educational services, but they also gave stock-specific entry /exit points to participants in the live market, inducing people to place orders as per these recommendations, as well as informing them when stop loss triggers.

Sathe was not registered with SEBI as an Investment Advisor or Research Analyst. However, despite not being registered, he was providing investment advisory and research analyst services under the guise of stock market training programmes to a large number of investors.

An RIA or registered investment advisor is an advisor certified by SEBI to share their advice with investors for a fee with regard to making investments in securities markets. The rules relating to investment advisors are defined in the SEBI (Investment Advisers) Regulations, 2013.
 

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