Avadhut Sathe, founder of Avadhut Sathe Trading Academy (ASTA) has received an interim ban from SEBI on December 4, 2025. This ban will prohibit him, his wife Gouri Sathe, and the academy from accessing securities markets or providing investment advice.
Avadhut Sathe has been identified unlawful gains of over Rs 546 crore. SEBI claims these are unlawful gains from unregistered advisory activities disguised as stock market training.
Quick Background of Avadhut Sathe
He has been trading since 1991, before starting his own Avadhut Sathe Trading Academy (ASTA) in 2008 he has worked abroad in Singapore, Australia, and the US. To date his academy ASTA has 17 centres operating across India. ASTA offers courses like mentorship programs priced up to Rs 6.75 lakh per participant.
He gained popularity mainly from the Youtube and Social media reach. It is estimated that he generated over Rs 115 crore of revenue in FY 2023-24
SEBI Raid and Probe
SEBI on August 20-21, 2025 raided and conducted two day search on ASTA’s Karjat premises. As per records SEBI has collected devices, trading records, and data and has put allegations of penny stock promotions.
The investigation examined FY24 activities, revealing private WhatsApp groups for course participants where stock recommendations, option strategies, entry-exit levels, and forecasts were shared. All of these actions violated investment adviser and research analyst regulations.
Core Allegations on Avadhut Sathe by SEBI
Avadhut Sathe Trading Academy (ASTA) has collected over Rs 601 crore in fees in the lure of giving stock-specific tips as education. This has also led to loss of a Rs 1.93 crore in six months of one his courses participant.
Penny stocks were highlighted in sessions, potentially influencing trades and suggesting manipulation risks. The scale of operations and continuous inducements established prima facie breaches of SEBI Act and PFUTP regulations.
Order Directives and Response
SEBI’s 125-page ex-parte interim order bars market access, freezes accounts except for impounding funds into escrow, and prohibits live trading sessions or ads showcasing performance.
Banks must block the Rs 546 crore, with further disgorgement and penalties proposed after a 21-day reply window.
Avadhut Sathe denies being a finfluencer and insists on pure skill training without advice, and plans legal challenge.
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