Angel One Settles Sebi Proceedings Over Lapses In Monitoring Authorised Persons, Pays Rs 4.28 Crore

Angel One Resolves Regulatory Issues with Sebi, Pays Rs 4.28 Crore

Angel One has put to rest its ongoing proceedings with the Securities and Exchange Board of India (Sebi) by agreeing to a settlement of Rs 4.28 crore. The regulator's investigation uncovered significant shortcomings in the company's supervision and monitoring of two authorized individuals.

These lapses included failures in essential duties such as due diligence, inspection protocols, oversight of fund collection, and the examination of unauthorized activities. This settlement marks a critical step for Angel One in addressing regulatory compliance concerns.