"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 Kochi.
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 Kochi.
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
Musk's Trump trade makes Tesla a winner with $570-billion rally
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Scott Boland & the 'stolen generation'
ONLY IN HIS mid-20s, did the 35-year-old Scott Boland, Australia's fast bowler set to play in the fourth Test against India, realise his aboriginal origins.
ISRO to study how crops grow in space on PSLV-C60 mission
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Broker strength falls 40% on compliance burdens
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.
'Consumers prioritise value, want devices tailored to their needs'
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Tech redefines how we shop in-store
AI provides cues according to individual tastes
Sensible. Sustainable. Sensual
All the luxury you need, at half the price of a luxury car & two times fuel efficiency
Language of market expansion
A nascent market is growing on the back of local offerings
Has the 'Indian' car brand come of age?
Consumers are no longer hung up on global badges
Get more interest money on EPF claim
Claims will now be accepted throughout the month
