"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.
This story is from the December 23, 2024 edition of Financial Express Chandigarh.
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This story is from the December 23, 2024 edition of Financial Express Chandigarh.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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