New Delhi, Dec. 5 -- Well-known stock-market trainer Avadhut Sathe faced Sebi's music as the markets regulator passed an order impounding over Rs.546 crore on Thursday.

The Securities Exchange Board of India (Sebi) ordered the impounding of unlawful gains amounting to Rs.546.16 crore, which Sathe and his firm, Avadhut Sathe Trading Academy, earned in the past several years from the alleged unregistered investment advisory and research analyst business.

Avadhut Sathe, through his firm, collected a huge amount of money (over Rs.601 crore) for all the courses provided by it. Out of these funds, there was evidence of unregistered activity in respect of eight courses offered to the public between 1 January 2020 and 9 October 2025, and the am...