Angel Broking Private Limited

2 matters before the Securities Appellate Tribunal

SAT-appeal

AIPL allegedly executed fictitious/self-trades in Sterling Green Wood Limited, while ABPL allegedly facilitated them as broker and counterparty broker, creating artificial volume and misleading market signals.
Appeal: Appeal No. 46 of 2014, heard on 25 September 2014; decision dated 1 October 2014. Disposal outcome is not included in the provided text.
Synchronized circular/reversal trades executed for client Heerachand Salecha in Sun Infoway Ltd creating artificial volume, alleged manipulation violating PFUTP and broker conduct norms.
Prohibition from taking up any new assignment i.e. no new clients for two weeks per WTM order dated 30 January 2013 under challenge

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Source: SecMarx — Angel Broking Private Limited. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (charges, outcomes, appeal chain) is cited to us.