Why YouTuber Asmita Patel, known as ‘she-wolf of stock market’, has been banned by SEBI?
By : Sandhya
The Securities and Exchange Board of India (SEBI) has banned six entities connected to YouTuber and finfluencer Asmita Patel from the capital markets for allegedly running an unregistered investment advisory service. Known for portraying herself as the 'She Wolf of the stock market' and the ‘options queen,’ she claimed to have mentored over a lakh students worldwide.
These banned entities include Asmita Jitesh Patel herself, Asmita Patel Global School of Trading Pvt Ltd (APGSOT), Jitesh Jethalal Patel, King Traders, Gemini Enterprise and United Enterprises, PTI wrote, quoting a 129-page SEBI order.
SEBI investigated APGSOT along with its directors in particular, after a complaint came from a group of 42 investors, alleging unauthorised investment advisory activities. As per the complainants, Asmita Patel has assets to the tune of ₹140 crore using her proprietary system.