Angel Broking | Pixr8 News

Stock broker Angel Broking has settled a case of alleged misutilisation and non-settlement of clients' fund with regulator Sebi by paying nearly $450k towards settlement charges. Sebi conducted an inspection of the books of accounts of Angel Broking during September 19-23 and October 19-21 in the year 2016. During the inspection, Sebi observed that the stock broker "met the pay-in obligation of clients having debit balance from the funds of clients having credit balance", Sebi said. Moreover, it was not settling running accounts of the inactive clients periodically, the regulator added. By doing so, Angel Broking allegedly violated code of conduct for stock brokers. Accordingly, adjudicating proceedings were initiated against Angel Broking and a show cause notice was sent on Ma...

Trading in stock markets has become an important part of the business world these days. As far as the fundraising of the companies is concerned, the only thing the companies look forward to is going public and trading their shares in the stock market. Therefore, with the increase in the stock market trading, the use of DEMAT accounts has also taken a step forward. But do you ever wonder where to open a Demat account? We have an answer for that too. Trading in securities and stocks is risky and thus, you need to have your account at a place which is fully trustworthy and reliable and India based Angel Broking firm fulfills all that. Angel Broking, as you all might have heard, is the most popular Indian Stock Broking firm that came into existence in 1987. Now, what is a D...

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Angel Broking paid $450,000 to settle case with Sebi