The Daily Brief SEBI skins a notorious finfluencer
14 snips
Dec 8, 2025 The focus is on SEBI's crackdown on notorious finfluencer Avdhut Sathe, revealing how he violated advisory rules and misled students with fake testimonials. This case highlights the risks of following cult-like market educators. The conversation then shifts to the USD-INR exchange rate, debunking fears surrounding the rupee crossing 90. It dives into economic dynamics like current account deficits, the impact of tariffs and festive buying, and the role of foreign investment in stabilizing the currency. There's hope for the rupee despite ongoing challenges.
AI Snips
Chapters
Books
Transcript
Episode notes
Cult Of Personality Around A Finfluencer
- Akshara compares Avadhut Sathe's rise to Jordan Belfort and other Indian market cult figures to illustrate the cult-like following.
- She highlights dancing events and grand promises that mimicked a godman-style appeal to lure students.
Unregistered Advice Is The Core Problem
- Akshara explains unregistered advisory is core to ASTA's business and a regulatory red flag.
- SEBI registration imposes rules that prevent mixing education with actionable stock tips or guarantees.
Courses Showed Real Trades And Influence
- SEBI seized course videos showing step-by-step trades, which breaches rules against live trading in educational courses.
- Akshara notes Sathe explicitly told students his trades were 'good for everyone', indicating direct market influence.
