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Big action! Who is Avadhut Sathe? Why SEBI ordered Avadhut Sathe Trading Academy to refund ₹546 cr - What he did?

Big action! Who is Avadhut Sathe? Why SEBI ordered Avadhut Sathe Trading Academy to refund ₹546 cr - What he did?

SEBI ordered Avadhut Sathe and his trading academy to refund ₹546.17 crore, plus ₹67.87 crore in interest, for providing unregistered investment advice and research services. The regulator also imposed ₹11.5 crore in penalties and directed refunds within five months.

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