- विज्ञापन -
The Securities and Exchange Board of India (SEBI) has imposed a ban on six entities, including financial influencer Asmita Patel, preventing them from participating in capital markets. This action follows allegations of operating unregistered investment advisory services.
Asmita Patel, her company Asmita Patel Global School of Trading Pvt Ltd (APGSOT), and other entities like Jitesh Jethalal Patel, King Traders, Gemini Enterprise, and United Enterprises, have been instructed to refund over Rs 53 crore in fees collected from course participants.
SEBI began its investigation after receiving complaints from 42 investors who accused APGSOT of engaging in unauthorized advisory activities. The complainants also claimed that Ms. Patel owns assets worth Rs 140 crore through her proprietary system. SEBI’s 129-page order details the violations and bars the accused from participating in the securities market.
Who is Asmita Patel?
Asmita Jitesh Patel is the director of Asmita Patel Global School of Trading Pvt Ltd (AGSTPL), based in Navi Mumbai, Maharashtra. According to the company’s website, she was born into a traditional Gujarati family and has 17 years of trading experience, along with over a decade of teaching expertise. She has won several awards for her contributions to financial education. Branding herself as the “She Wolf of the Stock Market” and “Options Queen,” Ms. Patel claims to have mentored over 100,000 students worldwide.
She is a prominent financial influencer, with a strong digital presence through her website, asmitapatel.com, and a substantial following across social media platforms. Her YouTube channel boasts 5.26 lakh subscribers, while her Instagram has 2.9 lakh followers, her Facebook has 73,000 followers, LinkedIn has 1,900, and Twitter (X) has 4,200 followers.
