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NRIPage | Articles | Asmita Patel Faces SEBI Action for Unauthorised Investment Advisory Services | Get Indian Desi Visa & Immigration News in USA. Navigate Visa & Immigration Processes with Ease - NRI Page
Asmita Jitesh Patel, widely known as the "She-Wolf of the Stock Market" or "Options Queen," has come under scrutiny by the Securities and Exchange Board of India (SEBI) for allegedly engaging in unauthorised investment advisory activities. The popular YouTube financial influencer, known for her trading expertise and educational courses, has been barred from the capital markets by SEBI.The regulator’s investigation began after complaints from 42 investors, who accused Patel’s firm, Asmita Patel Global School of Trading Pvt Ltd (APGSOT), of offering unregistered investment advisory services. According to these investors, Patel used her proprietary system to amass assets worth Rs 140 crore, with many alleging that APGSOT misled them into making financial investments based on unauthorised advice.
SEBI has now ordered Patel, her firm, and several associated entities—including Jitesh Jethalal Patel, King Traders, Gemini Enterprise, and United Enterprises—to return over Rs 53 crore collected as course fees from participants of various trading programs. In addition, SEBI’s interim order-cum-show cause notice, issued on February 6, also directs the involved parties to explain why another Rs 104.63 crore, collected as fees for other programs, should not be seized.The regulator’s investigation revealed that participants were encouraged to quit their jobs and join Patel’s courses, including the Options Multiplier (OM), Master’s in Price Action Trading (MPAT), and Let’s Make India Trade (LMIT), in hopes of achieving substantial financial success. SEBI’s 129-page order provides detailed accounts of the violations and outlines the permanent ban imposed on Patel and the related entities from participating in the securities market.
Who is Asmita Patel?
Asmita Patel is the director of Asmita Patel Global School of Trading Pvt Ltd, a company based in Navi Mumbai. Born into a traditional Gujarati family, Patel has 17 years of trading experience and over a decade of teaching expertise. She has gained recognition for her contributions to financial education and has mentored over one lakh students globally.Patel brands herself as the "She-Wolf of the Stock Market" and "Options Queen" and has built a significant following on social media platforms. With 5.26 lakh YouTube subscribers, 2.9 lakh Instagram followers, and a notable presence on Facebook, LinkedIn, and Twitter X, Patel has cemented herself as a leading figure in the financial education space.
Her website offers various financial courses, with a particular focus on trading and investing in the stock market. Patel's goal, as stated on her website, is to empower individuals with knowledge to make informed and responsible financial decisions. However, with SEBI's intervention, Patel's practices are now under intense scrutiny.Patel’s husband, Jitesh Patel, is also listed as a director of the company. The investigation and SEBI’s actions have brought significant attention to the rising trend of financial influencers offering stock market-related education online, with the emphasis now on ensuring such services comply with legal and regulatory frameworks.
