She Wolf of Stock Market: One of the six organizations that the SEBI (Securities and Exchange Board of India) has prohibited from accessing the capital markets is financial influencer Asmita Patel. The action stems from claims that the defendants were dealing in unlicensed services. Let’s learn more about this self-claimed ‘she wolf of stock market’ in this article.
Who is Asmita Patel?
Asmita Jitesh Patel, widely known as the director of AGSTPL, a business that offers advisory services in mutual funds, share trading, the securities market, and commodities trading. It also teaches clients how to manage their wealth in the securities market. Known as the “She Wolf of stock market” and the “options queen,” Asmita claims that she has coached more than one lakh pupils, investors, and players globally. Asmita even asserted that her proprietary technology was used to manage assets worth Rs 140 crore.
According to the website of her company, Asmita was born into a typical Gujarati household. She has over ten years of teaching experience, seventeen years of trading experience, and multiple honors for her offerings to stock and market education.
Asmita Patel News (She Wolf of Stock Market)
According to the Securities and Exchange Board of India (SEBI), influencer Asmita Patel, who referred to herself as the “She Wolf of stock market,” her husband Jitesh Jethalal Patel, their business Asmita Patel Global School of Trading Pvt Ltd (AGSTPL), and three other people are prohibited from using the securities markets because they are accused of offering research and advisory services regarding investment that are unregistered.
After 42 investors complained 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 SEBI Enquiry
According to SEBI’s inquiry, Patel’s website reportedly deceived thousands of students by promising them “stock market education” only to lead them into a predatory environment: ABC Ltd, a brokerage firm under investigation, was the company that students were pressured to build accounts for trading with. In blatant disregard for SEBI’s investment advice regulations, the company’s secret channels broadcast “buy/sell” recommendations for particular equities. Patel’s company charged exorbitant prices for classes while reportedly making money off of the transactions of unwary traders. A further crackdown on social media “gurus” who provide schemes like instant get-rich under the pretense of coaching is signaled by SEBI’s action.
Conclusion
Not everyone that provides financial education over online platforms is to be believed. Young investors, be very careful while indulging in such activities and scams extended by people like the ‘she wolf of stock market’. For financial education, one should seek advice from licensed experts only.
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