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Become an Authorized Person with MyGainn
Are you tired of feeling stuck in a job that doesn't provide satisfaction to you?
Do you dream of being your own boss, setting your own schedule, and pursuing your passion on your own terms? It's time to make that dream a reality because MyGainn brings you a golden opportunity to become an Authorized Person (previously Sub-Broker).
The freedom to create, innovate, and chart your own course is a priceless gift, and we want to help you achieve it. MyGainn offers the support, resources, and guidance you need to be a successful Authorized Person and take control of your future.
Who is an Authorised Person?
Formerly known as Sub-broker
An Authorised Person in India is an individual or an entity who acts on behalf of a stockbroker as per the regulations laid out by the Securities and Exchange Board of India (SEBI). Primarily an authorised person is responsible for buying, selling, and assisting clients to increase their business volume. They were formerly known as Sub-Brokers in India.
Authorised Persons are not members of the stock exchange but they are appointed by stockbrokers to carry out trading activities on their behalf. They can assist investors in buying and selling securities and provide investment advice, but they must operate under the umbrella of the registered stockbroker who appointed them.
Investors whether institutions or individuals are not allowed to directly invest in stock market. They have to conduct all their investment related activities through authorised persons or broking firms like Gainn Fintech.
In order to operate as an Authorised Person, one must register with the relevant authorities and comply with all SEBI regulations and guidelines. MyGainn will provide you all the assistance and guidance to become an Authorised Person.
Who can become an Authorised Person?
In India, individuals or entities who meet the following criteria can become an Authorized Person:
Age
The individual should be at least 18 years old.
Eligibility
The individual or entity should not have been declared as a defaulter or expelled by any stock exchange or regulatory authority.
Educational Qualifications
The person should have passed the 10th examination or an equivalent examination conducted by a recognized board or university.
Experience
The individual should have at least two years of experience in the securities market, either as an employee or as a self-employed person.
Registration
The individual or entity should register as an Authorized Person with the relevant stock exchange through a Stockbroker.
Compliance
The individual or entity should comply with all the rules and regulations laid out by the relevant stock exchange and SEBI.
