Broker strength falls 40% on compliance burdens
Financial Express Delhi|December 23, 2024
Brokerage firms are facing increasing compliance burdens, leading to a 40% drop in strength.

"BECOMING AN AP allows us to retain our clients while earning commissions on brokerage revenues," he said. Chordia termed the arrangement a win-win, adding that "clients continue to get services from the same person as before while getting access to superior technology platforms and products".

However, the increasing number of APs has created a new problem for the industry as well as the markets regulator - there are more instances of APs engaging in unauthorized trades, promoting unregulated products and offering assured returns to lure clients.

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