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SEBI seizes over Rs 53 crore from Asmita Patel's trading school for fraudulent investment advice.
India's securities regulator, SEBI, has seized over Rs 53 crore from Asmita Patel's Global School of Trading and five related entities for operating unregistered investment advisory services under the guise of educational courses.
SEBI is investigating over Rs 104 crore in course fees and has banned Patel and her spouse from the securities market.
The regulator aims to protect investors from fraudulent schemes disguised as education.
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SEBI se apodera de Rs 53 crore de la escuela de comercio de Asmita Patel por asesoramiento fraudulento en inversiones.