The Stock broking sub-broker (also known as authorised person ) is a person who acts as an connector between the investor and the broking firm. The main role of an AP is to maximize returns of the investor. These people are registered under the exchange but works for the stock-market firm to earn extra income. Sometimes, making money as an sub-broker can also turn into a passive source of earning.
However, misguiding a client by providing false information as a means of gaining more brokerage is illegal for a sub-broker. He/she does not have the right to give any misleading quotations to the client for making a profit. Watch our video to know more about sub-brokers/authorised persons.