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Instagram · May 27, 2026

Source-backed Partially True Truth Percentage: 70% CORRECT

SEBI Bans Finfluencer Avaduth Sathe for Unregistered Advisory Services and Misleading Claims

business finfluencers personal finance

The video discusses SEBI banning stock trader Avaduth Sathe for having a portfolio loss of 6 crore while claiming to have earned 600 crore by selling trading courses, drawing a parallel to how IITs make money from coaching centers rather than their own graduates. the influencer also mentions Sathe's mentorship program costing 8 lakh and questions the legitimacy of such financial gurus.

What's right

SEBI has banned stock trader Avaduth Sathe [1][2][3][4][5][8].
Avaduth Sathe's academy collected approximately ₹601 crore from around 4.1 lakh people through paid courses and mentorships [1].
SEBI stated the academy inflated profit claims, spotlighting participants who allegedly earned crores when records showed modest or negative outcomes [1].
SEBI found that Sathe and his firm were not registered as investment advisers or research analysts, yet provided these services under the guise of stock market education [2][5][6][8].
The Securities Appellate Tribunal (SAT) allowed Sathe's academy to withdraw funds for basic expenses and defreezed bank accounts to meet monthly expenses [9][10].
The claim that Avaduth Sathe earned 600 crore by selling stock trading courses is supported by the amount collected, approximately ₹601 crore [1][2][5][8].
The claim that Avaduth Sathe's portfolio was in a loss of 6 crore is supported by SEBI's findings of personal losses of ₹4.31 crore and academy losses of ₹1.89 crore, totaling over ₹6 crore [1].

What's wrong

The claim that Avaduth Sathe has a mentorship program costing 8 lakh is not directly supported by the provided context, although some mentorships were priced up to ₹6.75 lakh [1].
The claim that Corporate Babaji scams people by selling expensive courses is not verifiable from the provided context, as the context only mentions Corporate Babaji considering earning money by selling courses [1].
The claim 'Save 99 only' is not verifiable from the provided context.

Breakdown

The primary claim states that financial gurus like Avaduth Sathe and Corporate Babaji scam people by selling expensive courses instead of making money through actual trading. The provided web context strongly supports the allegations against Avaduth Sathe.

SEBI has indeed banned him for running an unregistered advisory scheme disguised as stock market education [1][2][3][4][5][8]. The amount collected from courses and mentorships was approximately ₹601 crore, with SEBI deeming over ₹546 crore as unlawful gains [1][2][5][8].

SEBI also found that Sathe's academy inflated profit claims and that participants often incurred losses [1]. Sathe's personal trading losses and his academy's trading losses together surpassed ₹6 crore, aligning with the claim of personal trading losses [1].

The claim about a mentorship program costing 8 lakh is not explicitly confirmed, though some programs were priced up to ₹6.75 lakh [1]. The context regarding 'Corporate Babaji' is limited to the influencer considering selling courses to earn money, and there is no information to verify if he scams people or sells expensive courses [1].

The claim 'Save 99 only' is also not supported by the provided context. [1][2][3]

Reference sources

ndtv.com medianama.com business-standard.com caalley.com thehindu.com buzzincontent.com forumias.com m.economictimes.com newindianexpress.com thehindubusinessline.com goseeko.com sebi.gov.in
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