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Urgent Legal Advice on Potential Removal of 2000-3000 AP Sub-brokers
28-Sep-2024 (In Labour & Service Law)
I’ve been an Authorized Person (AP) with a leading brokerage for 20+ years, building a direct client base. Now, 2000-3000 APs face the risk of trading terminal deactivation within 3-4 months, potentially removing us and taking over our clients without sharing brokerage. This threatens our livelihoods and the families dependent on it. We need legal advice on this action and guidance on SEBI/NSE rules to protect our rights and clients.
You can approach the concerned authority which has hired you to get your concerns resolved, if your concerns are not getting sorted, then, you can send them a Legal Notice and later on, you can file a case in court.
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Adv. Pankaj Bajaj
Mumbai | 1000+ Answers
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