Who is Asmita Patel? YouTuber fined by SEBI over illegal stock tips. Check her background, Rs 104 crore controversy
Asmita Patel Global School of Trading, has been barred by the Securities and Exchange Board of India (SEBI) for allegedly offering unregistered investment advisory services. Dubbed the 'She-Wolf of Stock Market' and the 'Options Queen,' Patel amassed Rs 104 crore through what SEBI termed as «ill-gotten means.» The regulatory body has impounded Rs 53.6 crore from Patel, her trading school, and four associated entities.
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Asmita Patel’s Background and Rise in the Stock Market
Asmita Patel began her journey in stock trading over 17 years ago, despite having no formal background in finance. She honed her skills through self-study and market experience, eventually developing a proprietary trading system she claimed would generate consistent profits. She launched the Asmita Patel Global School of Trading in 2020, branding it as an institute aimed at simplifying stock market education for retail investors.
Patel marketed her trading programs aggressively, positioning herself as a disruptor in financial education. She dismissed traditional stock market strategies as outdated and promoted her courses—such as ‘Let’s Make India Trade’ (LMIT), ‘Master’s in Price Action Trading’ (MPAT), and ‘Options Multiplier’ (OM)—as revolutionary tools for financial independence. These courses were said to teach traders how to eliminate unnecessary indicators and master price action trading.
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