At a FICCI-CAPAM event, SEBI’s whole-time member Kamlesh Chandra Varshney confirmed to CNBC-TV18 that the regulator had carried out “big search operation on a big name in this industry.” While he did not name Avadhut Sathe, he said the action was taken to send a signal that the regulator is intensifying its enforcement against influencers that misguide retail traders.
