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‘She Wolf Of The Stock Market’ Asmita Patel, Who Is She Now Banned By SEBI?

Banned

Over Rs 53 crore in fees collected from course participants must be returned by Asmita Patel, her company, and other organizations.

New Delhi: Six organizations, including financial influencer Asmita Patel, have been prohibited from accessing the capital markets by the Securities and Exchange Board of India (SEBI). Allegations of operating unlicensed investment advising services are the reason for the action.

Over Rs 53 crore in fees collected from course participants must be returned by Ms. Patel, her company Asmita Patel Global School of Trading Pvt Ltd (APGSOT), and other companies Jitesh Jethalal Patel, King Traders, Gemini Enterprise, and United Enterprises.

Following complaints from 42 investors who claimed that APGSOT was involved in unapproved investment advice operations, SEBI opened a probe. The complainants also said that Ms. Patel used her proprietary technology to amass assets valued at Rs 140 crore. The 129-page order from the market regulator lists the infractions and forbids the accused from using the securities market.

Asmita Patel is who?

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