Meet 'She-Wolf Of Stock Market'—Finfluencer Now Banned By SEBI Over ‘Unregistered’ Investment Advice On Telegram, Instagram; Her Courses Cost...
SEBI Ban Financial Influencer: The Securities and Exchange Board of India (SEBI) has barred YouTuber and financial influencer Asmita Jitesh Patel and her trading school from participating in the capital markets for allegedly providing unregistered investment advice.
SEBI Ban Financial Influencer: The Securities and Exchange Board of India (SEBI) has barred YouTuber and financial influencer Asmita Jitesh Patel and her trading school from participating in the capital markets for allegedly providing unregistered investment advice.
The ban covers six entities, including Asmita Patel Global School of Trading (APGSOT), Asmita Patel, Jitesh Jethalal Patel, King Traders, Gemini Enterprise, and United Enterprises, for offering unauthorized investment advisory services. Moreover, the SEBI found that buy/sell recommendations for specific securities were shared through Telegram channels owned by APGSOT. Many investors who followed her "stock tips" on Instagram and Telegram reportedly suffered significant financial losses.
Director of AGSTPL
Asmita Patel's Trading And Teaching Experience
Self-Proclaimed ‘She-Wolf of Stock Market’
Asmita Patel's Social Media Followers
SEBI Allegations
Fraudulent Trading Scheme And Courses
SEBI claims that Patel and her firm lured students into trading specific stocks and directed them to open trading accounts with ABC Ltd. The 42 complainants said that they were sold different courses — Master’s in Price Action Trading (MPAT), Let’s Make India Trade (LMIT), Options Multiplier (OM), Trend Following Income System (TFIS), The Freedom Project (TFP), OneLife, Unleash The Trader Within (UTW).
