India bans finfluencer, orders return of $64M

India’s market regulator has banned financial influencer Avadhut Sathe and his trading academy from the securities market. SEBI says they secretly ran unregistered investment advisory services while claiming to offer stock-market education. The academy and Sathe collected over Rs 600 crore from more than 3.37 lakh people by giving buy-sell tips and live trading advice through paid courses and WhatsApp groups. SEBI has ordered them to return Rs 546 crore in illegal gains.Read more…