Capital markets regulator Sebi has imposed a fine of Rs 10 lakh on Angel One for alleged violation of regulatory norms. The order came after Sebi along with the stock exchanges and the depositories conducted a comprehensive joint inspection of the functioning of Angel One.
The period of inspection was from April 2019 to December 2020. Based on the findings of the inspection, the markets watchdog initiated adjudication proceedings against Angel One.
Angel One is a technology-led financial services company providing broking and advisory services, margin funding, loans against shares (through one of its Subsidiaries, AFPL) and financial products distribution to its clients under the brand ‘Angel Broking’.
