Join the Rupeezy Partner Program

Ans A sub broker (also known as an Authorised Person) is an intermediary between a stockbroker and investors, assisting clients in trading securities in the stock market. They operate under a registered broker's license, providing services such as order placement while earning commissions on the transactions they facilitate. An Authorised Person is an individual or entity permitted by a regulatory body, such as a stock exchange or financial authority, to perform specific activities within the financial markets. This can include trading securities, providing financial advice, or managing investments on behalf of clients.

Ans An authorized person acts on behalf of a stockbroker to provide trading services to clients, while a sub broker is an intermediary who facilitates trading for clients and acts as a link between the main broker and the client. Authorized persons operate under the broker's supervision, whereas sub-brokers have more autonomy.

Ans The responsibilities of sub broker/ Authorised person in Rupeezy:

• Client Acquisition and Management: Acquire new clients for Rupeezy.
• Trade Execution and Settlement: Ensure timely and accurate execution of trades, and handle settlement and reconciliation processes.
• Compliance and Regulatory Affairs: Stay informed about market regulations and ensure compliance with all relevant rules and guidelines.
• Market Knowledge and Client Support: Stay updated on market trends and financial products, and provide support to clients to help them achieve their investment goals.

Ans To become a sub broker with Rupeezy, you need to register with the stock exchange, complete necessary certifications like the National Institute of Securities Markets (NISM) series, and affiliate with Rupeezy.

Ans An Authorised Person can be an individual, partnership firm, LLP, or body corporate appointed by a Stock Broker (including Trading Member) to provide access to a trading platform as an agent of the Stock Broker.

Ans No, sub-brokers are not registered with the Securities and Exchange Board of India (SEBI).  SEBI is a regulatory body and they are registered as an authorized entity in the stock exchange under a stockbroker.