The Securities Appellate Tribunal (SAT) today upheld Sebi's order against Angel Broking in a case related to fraudulent trade practices in Sun Infoway shares.Earlier this year, the Securities and Exchange Board of India (Sebi) had barred Angel Broking from taking up any new assignments for a period of two weeks after finding that the broker had executed trades on behalf of its client in shares of Sun Infoway which were synchronized circular trades. Consequently, Angel Broking had approached the tribunal challenging Sebi's order.In its order on Tuesday, SAT said one who has violated provisions of Sebi Act and regulations made there under must suffer even if turnover in the scrip in which violations are found is minute compared to the total turnover of that person. However, SAT noted that trades executed by Angel Broking on behalf of his client were in 2001 and Sebi had passed the order only in January 2013. SAT said that the broker cannot escape penalty merely because Sebi had passed that order belatedly.Meanwhile, SAT has imposed a stay operation on its order against Angel Broking for 4 weeks.