41
File photo
Brokerage firm Angel One
on Friday settled an alleged front-running case with
markets regulator
Sebi by paying nearly Rs 22 lakh towards settlement charges.
The settlement order came after
Angel One
had filed a settlement application on May 15, 2024, proposing to settle the instant proceeding “without admitting or denying the findings of fact and conclusions of law”.
The investigation revealed that Jitendra Kewalramani, who was the authorised person of Angel One was, directly or indirectly, in possession of the details of the impending orders to be placed by the big clients.
