Angel One settles SEBI proceedings on Authorised Persons oversight for Rs 4.28 cr

Consent Order AcceptedSebi InvestigationRegulatory & Legal View source PDF

ANGELONE · price

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AI summary

SEBI passed a settlement order disposing adjudication and enquiry proceedings against Angel One for alleged inadequate supervision and monitoring of Authorised Persons. Allegations included failure to detect unauthorized fund collection and insufficient due diligence. Angel One filed settlement applications without admission or denial of findings, and paid Rs. 4.28 crore as settlement amount. No separate penalty was levied. The proceedings are now fully disposed of.

Likely market impact

Rs 4.28 cr settlement paid; no additional penalty. Proceedings closed, reducing regulatory overhang. Minor financial impact.