Mumbai, Feb. 7 -- The Securities and Exchange Board of India (Sebi) has impounded an amount of Rs.53.6 crore as illegal investment advisory fees under the garb of providing educational courses from Asmita Patel Global School Of Trading and other entities connected with financial influencer Asmita Patel, who is known as "options queen" and "she-wolf" of Indian stock markets.

The Thursday order was issued against Asmita Patel Global School of Trading as noticee No. 1, its director Asmita Patel as noticee No. 2, and other associates and connected parties. The amount was collected over a period of roughly three years, from 2021 to 2024.

The amount is part of the total amount of Rs.104 crore earned by the entities as fees for various "educat...