Mumbai: Their nicknames sound like catchy jingles on FM radio—“Baap of Charts” and “She Wolf”—but when it comes to the cut and thrust of the securities market, even the snazziest monikers can’t save you from the long arm of the law. SEBI—the vigilant sentinel of the financial realm—has long eyed such finfluencers with a skeptical gaze.

After pinning down the Baap of Charts, Mohammad Nasiruddin Ansari of Hyderabad, with his promise of “quick profits” that turned 2023 into a roller coaster of regulatory drama, the latest target on SEBI’s radar is none other than Asmita Patel, self-styled as the “She Wolf” of the stock market and revered as the “Options Queen.”

On Thursday, SEBI issued an order that sent shockwaves through the finfluencer community. In a move that was anything but a mere slap on the wrist, the regulator impounded a staggering Rs 53.67 crore from Asmita Patel Global School of Trading Pvt Ltd—just a slice of the Rs 104 crore allegedly earned through........

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