"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 unauthorised trades, promoting unregulated products and offering assured returns to lure clients.
Denne historien er fra December 23, 2024-utgaven av Financial Express Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra December 23, 2024-utgaven av Financial Express Chennai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Chants meet chatbots at this year's Maha Kumbh
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Taliban Urges India to Ease Visa Process
First High-Level Meet
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