
The Securities and Exchange Board of India (SEBI) has issued an order against Avadhut Sathe Trading Academy, a finfluencer-led platform. SEBI alleges the academy blurred the lines between stock market education and unregulated investment advice. The order cites examples from a live trading session where the finfluencer appeared to provide specific trade recommendations, including selling puts and going long on crude oil futures, which SEBI suggests goes beyond permissible educational activities.