Angel One settles Securities and Exchange Board of India (SEBI) adjudication and enquiry proceedings by paying ₹4.28 crore, according to multiple reports. SEBI alleged supervisory and monitoring lapses related to the oversight of authorised persons and sub-broker activities. The regulator’s allegations include failures in due diligence and inspection processes, along with inadequate oversight of fund collection and insufficient scrutiny of unauthorised activities. One set of reports also says Angel One did not properly examine orders placed through common IP and MAC addresses across multiple clients, and failed to identify trading routed through another broker.
After the payment, SEBI closes the proceedings. The reported settlement is framed as addressing the compliance shortcomings raised by the regulator, rather than an appeal outcome or a court finding. Details of the specific period of alleged misconduct and the final regulatory language accompanying the closure were not provided in the summaries shared by the outlets.
