The Securities and Exchange Board of India (SEBI) has banned YouTuber Asmita Jitesh Patel, also known as the She-Wolf of the Stock Market, for giving illegal investment advice. She ran a trading school and made over ₹104 crore from followers who used her stock tips but ended up losing money.
SEBI took action by seizing ₹53.6 crore from Patel, her Global School of Trading, and four other groups connected to her. These groups pretended to offer educational courses but were really giving illegal investment advice. SEBI ordered them to explain why they shouldn’t lose even more of the money they collected. All of their videos and websites must be taken down too.
An investigation showed that Patel’s school was telling people when to buy and sell stocks, which is against the law. They used Telegram to share these tips. SEBI said that Patel’s actions were not about education but about giving financial advice without permission.
Asmita Patel used her popularity online to attract people to her trading school. She has more than 526,000 YouTube subscribers, 73,000 followers on Facebook, and 90,000 on Instagram. She offered courses like Options Multiplier, Master’s in Price Action Trading, and Let’s Make India Trade through her website.
In a 128-page order, SEBI detailed how Patel and her team tricked students and investors into trading certain stocks and told them to open accounts with a company called ABC Ltd. This situation shows how important it is for investors to get advice from reliable sources instead of scams.
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