Who is Asmita Patel, ‘She Wolf of Stock Market’ penalised by SEBI?
In the world of finance, there are many individuals who have gained fame and fortune by sharing their knowledge and expertise with others. One such individual is Asmita Patel, a self-proclaimed ‘She Wolf of the Stock Market’ and ‘Options Queen’, who has made a name for herself in the trading community. However, her reputation took a hit recently when she was penalized by SEBI (Securities and Exchange Board of India) for offering illegal investment advisories.
Asmita Patel is a YouTuber who runs the Asmita Patel Global School of Trading, a trading school that offers courses to aspiring traders. She has built a significant following online, with thousands of subscribers and admirers who see her as a guru of sorts. However, it seems that her glamorous persona and charismatic presentation have masked some serious flaws in her business model.
According to a recent report by Free Press Journal, SEBI has accused Asmita Patel’s trading school of offering illegal investment advisories via courses that promised up to 300% returns. The regulator claimed that the school collected ₹104 crore (approximately $14 million) through such courses’ fees, which is a staggering amount.
For those who may not be familiar with the term ‘investment advisory’, it refers to the provision of personalized investment advice to individuals or institutions. In India, investment advisories are tightly regulated by SEBI, and only registered individuals or entities are allowed to offer such services. The purpose of regulation is to protect investors from fraudulent or misleading investment schemes.
In the case of Asmita Patel’s trading school, SEBI alleges that the courses offered by the school were not genuine investment advisories, but rather a way to lure innocent investors into paying hefty fees for worthless services. The regulator claims that the school’s courses promised unusually high returns, which is a classic red flag in the world of finance. In reality, there is no such thing as a guaranteed investment that can deliver returns of 300% or more.
The report by Free Press Journal also raises questions about the qualifications and expertise of Asmita Patel herself. While she claims to be an expert in options trading, there is no evidence to suggest that she has any formal training or certification in finance or economics. In fact, her background is shrouded in mystery, with many wondering how she rose to prominence in the trading community without any notable achievements or credentials.
The case against Asmita Patel is a stark reminder of the importance of regulation in the financial sector. In recent years, there have been several instances of fraudulent investment schemes and Ponzi schemes that have left investors with heavy losses. SEBI’s action against Asmita Patel is a welcome move, as it sends a strong message to would-be fraudsters that they will be held accountable for their actions.
In conclusion, the case of Asmita Patel, the ‘She Wolf of the Stock Market’, is a cautionary tale for investors and traders alike. While it is important to respect the expertise and achievements of individuals in the financial sector, it is equally important to be skeptical of claims that seem too good to be true. As the old adage goes, ‘if it seems too good to be true, it probably is’.
Asmita Patel’s trading school may have collected a whopping ₹104 crore from unsuspecting investors, but the damage to her reputation and credibility is likely to be irreparable. It is a reminder that even the most charismatic and influential individuals in the financial sector can fall prey to regulatory action if they engage in illegal or unethical activities.
