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Sebi orders Avadhut Sathe, academy to refund Rs 546 crore
The Securities and Exchange Board of India has ordered Avadhut Sathe Trading Academy to refund ₹546.18 crore to investors. The academy provided unregistered investment advisory services, using misleading testimonials to conceal overall trading losses. A penalty of ₹11.5 crore was imposed on Avadhut Sathe and the academy.
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