Brokerage agency Angel One on Friday settled an alleged front-running case with markets regulator Sebi by paying practically Rs 22 lakh in direction of settlement fees.
The settlement order got here after Angel One had filed a settlement utility on May 15, 2024, proposing to settle the moment continuing “without admitting or denying the findings of fact and conclusions of law”.
The investigation revealed that Jitendra Kewalramani, who was the authorised individual of Angel One was, straight or not directly, in possession of the small print of the approaching orders to be positioned by the large shoppers.
