Angel One 因监管疏忽支付 4.28 亿卢比与 SEBI 达成和解

领先的经纪公司 Angel One 已就监督其授权人员（authorised persons）方面的监管疏忽，与印度证券交易委员会（SEBI）达成了和解。该公司已支付 4.28 亿卢比的和解金，以解决由市场监管机构发起的裁决和调查程序。

授权人员监督中的监管疏忽

SEBI 的程序集中在公司未能充分监控和监督两名特定授权人员（APs）Deepankar Barman 和 Nadella Srinivas Rao 的活动。在 2025 年 5 月发出“理由说明通知”（show-cause notices）后，监管机构指控 Angel One 未能实施强有力的监督机制，以识别并处理这些中介机构所犯的违规行为。

监管机构的审查揭示了该经纪公司在尽职调查流程中的重大漏洞。具体而言，SEBI 指控该公司未能发现未经授权的资金募集活动，且未进行足够的检查以识别异常情况。据报道，尽管观察到了与这些授权人员相关的异常交易模式，公司仍未能采取适当的纠正措施。

未经授权的活动与社交媒体违规行为

SEBI 调查的一个关键组成部分涉及品牌误用和不当的客户接触。其中一名授权人员因从事未经授权的社交媒体活动而被标记，其中包括向潜在投资者做出“保证回报”的非法承诺。

此外，据称该人员在未经适当授权的情况下，使用 Angel One 的品牌名称和徽标从事未经授权的投资组合管理服务。这种对数字化活动缺乏审查的情况，凸显了该公司合规框架中的一个重大漏洞，即中介机构在公共领域如何代表品牌进行展示。

技术性红旗与合规失败

The investigation into Nadella Srinivas Rao uncovered more technical irregularities. SEBI noted that the brokerage failed to conduct necessary inspections despite evidence of large-scale fund collections and disproportionate trading volumes. Alarmingly, the regulator flagged instances where multiple client orders were allegedly placed through the same IP and MAC addresses, suggesting potential manipulation or irregular handling of client accounts.

Additionally, SEBI alleged that both authorised persons were actively trading through other stockbrokers—a fact that Angel One failed to identify through its existing monitoring systems.

The Settlement Process

To resolve the matter without prolonged litigation, Angel One filed settlement applications in 2025. Under the terms of the settlement, the company did not admit to or deny the findings of the regulator. Following a review by SEBI's Internal Committee and subsequent approval by the High Powered Advisory Committee and a panel of Whole Time Members, the company agreed to the ₹4.28 crore penalty.

The brokerage remitted the full settlement amount on May 22, 2026, leading to the formal disposal of the adjudication and enquiry proceedings under the SEBI Settlement Proceedings Regulations.

Key Takeaways