According to media reports, SEBI has seized Rs 54 crores from ‘options queen’ asmita patel who runs the asmita patel school of trading for offering trading advice without the necessary regulation or permission. She had allegedly collected Rs 104 crores for her stock market related courses.
The ‘options queen’ asmita patel is a prominent fininfluencer with a large number of followers on social media, especially Youtube. The decision was taken based on the complaints of 43 individuals who had taken her expensive courses.
SEBI has taken action against other fininfluencers, but the amount asmita patel collected was far higher than others. The sebi notice was issued on February 6, 2024, and could be the reason why the emails are not getting delivered.
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