SEBI finds ASTAPL provided unregistered investment advice, 2017–2025
This is an interim order and show cause notice issued by SEBI against Avadhut Sathe Trading Academy Private Limited (ASTAPL) and its directors, alleging that they provided unregistered investment advisory services under the guise of stock market education and misled investors with selective profit claims.
Avadhut Sathe Trading Academy Private Limited, Avadhut Dinkar Sathe, Gouri Avadhut Sathe
- SEBI found that ASTAPL/AS was engaged in providing unregistered investment advisory and research analyst services.
- SEBI observed that ASTAPL/AS collected substantial fees from investors while disseminating misleading information and advertisements.
- SEBI noted that despite a previous Administrative Warning in March 2024, ASTAPL/AS continued to publish misleading videos.
- SEBI appointed an Investigating Authority on July 24, 2025, to investigate activities from July 01, 2017, to October 09, 2025.
- Search and seizure operations were conducted at the premises of the Noticees between August 20–21, 2025.
- The order is an ex-parte interim order cum show cause notice, requiring the Noticees to respond to the allegations.
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Order
2025-12-04
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Document details
| Official title | Interim Order in the matter of Avadhut Sathe Trading Academy Private Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |