Indian "Finfluencer" Asmita Patel Banned: SEBI Slaps Charges on Her Company, AGSTPL

SEBI has banned Indian finfluencer Asmita Patel, known for calling herself “She-Wolf of the Stock Market.” The regulator also imposed a fine of ₹5.36 crore (about USD 616,000) on her company, Asmita Patel Global School of Trading (AGSTPL).

What Is Finfluencers?

Financial influencers (finfluencers) provide financial advice, tips, and insights on topics like investing, budgeting, and personal finance etc. . They often use platforms such as YouTube, Instagram, and TikTok to reach a broad audience. While many lack formal qualifications, leading to concerns about the accuracy and reliability of their advice.

How the Investigation Really Began?

After receiving 42 complaints against the Patel couple, SEBI began its investigation. Complainants said they lost money and didnt get real trading education. SEBI found that the Patels were giving financial advice and stock tips without proper registration. They used social media to attract investors and told them to open accounts with a certain brokerage.

SEBI claimed that the Patels were using educational courses as a cover to attract investments, and were actually giving investment advice without having the necessary registration.

SEBI banned Asmita Patel. Also Authority directed the couple to stop all advisory services, frozen their connected bank accounts, and asked for a detailed list of their assets.

About SEBI

The Securities and Exchange Board of India (SEBI) is the regulating authority for India's securities and commodity markets. The Securities and Exchange Board of India's fundamental functions include ...protecting the interests of investors in securities, promoting the development of, and regulating the securities market.

You may check this article https://www.wikifx.com/en/newsdetail/202505297884626757.html to be aware of such finfluencers and avoid falling for them. Recently, it was revealed in a report that only 2 percent of finfluencers are SEBI-registered, while others give advice without proper qualifications.