
Checklist for CancellationSurrender of SEBI Registration of Sub Broker Form
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People also ask
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What is the new rule of SEBI for brokers?
SEBI's new rules, set to be implemented in two phases starting October 14, 2024, will enable the direct credit of securities to investors' demat accounts after a trade, reducing the intermediary role of stockbrokers in the settlement process.
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What is the difference between a broker and a sub broker?
The Difference between a Stockbroker and a Sub-broker Meaning: A stockbroker could be an individual or a firm that works independently, but a sub-broker or an authorised person acts as an agent under the stockbroker. The sub-broker requires a certification from an exchange to work in the capacity of a sub-broker.
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Can I trade myself without broker?
Do you need a broker? The short answer is no—you don't need a living, advice-giving, fee-charging broker (although you shouldn't rule them out). You do, however, need a brokerage—the online storefront where you purchase stocks, bonds, exchange-traded funds (ETFs), and other investments.
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Can a sub broker trade for himself?
Yes, sub-brokers can trade for themselves. However, they must comply with the rules and regulations set by the regulatory authorities. Is being a sub-broker profitable? Being a sub-broker can be profitable if they provide quality services to their clients and build a strong clientele base.
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Can brokers trade for themselves?
Yes a broker could trade for themselves. What they can't do is what is called frontrunning. That is where a broker first buys a stock, then recommends the stock to their clients. There are a few options on how brokers could deal with the issue of frontrunning.
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What is the qualification for sub broker franchise?
Educational Background: Completion of secondary studies (10+2) in compliance with SEBI's regulations is a prerequisite. Higher educational qualifications can enhance the prospects of success in the sub-broking business. Financial Market Knowledge: A sound grasp of the financial markets is crucial.
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Can a broker trade on behalf of me?
A discretionary account (also known as a managed account) allows your broker or financial adviser to make trading decisions on your behalf, without obtaining explicit permission for each decision.
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What can a sub broker do?
Sub-brokers take client orders and ensure they are accurately transmitted to the main broker's trading platform or the stock exchange. They monitor the execution of orders and provide clients with updates on the status of their trades.
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