Broking firm Angel One on Friday settled with the Securities and Exchange Board of India (Sebi) by paying Rs 57.46 crore for multiple alleged violations of regulations.
The panel of whole time members of Sebi approved the recommended amount on October 15, and was received by the regulator on October 23, “without admitting or denying the findings of facts and conclusions of law.”
In March, the regulator had sent the company an adjudication show cause notice as well as an enquiry show cause notice asking why an inquiry and penalty should not be imposed on Angel One under the respective regulations.
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