The Mumbai-based online trading and stockbroking firm Lakshmishree Investment & Securities Pvt Ltd has announced a series of seminars for sub-brokers across Gujarat in Western India.
It is Gujarat’s largest stock market sub-broker meeting. These workshops will benefit existing sub-brokers and other entities looking to enter this field. Each seminar will assist existing and prospective sub-brokers in learning about technological advancements in the stockbroking field, onboarding new clients and becoming business owners.
Speaking about the meetups spread across Gujarat, Shivendra Singh Bisen, VP – Marketing, Lakshmishree Investment, said “The purpose of these meetup events is to educate and train all interested parties in using digital technology to grow their business, understanding SEBI’s regulatory requirements, and becoming successful business owners.” He added, “Salil Shah, the Director of Lakshmishree, and I will travel 2,100+ km across Gujarat and meet more than 1,500 people in the next 14 days”.
Further elaborating on the scale of these seminars, Salil Shah, Director of Lakshmishree Investment, said, “We plan to educate and train existing and potential stockbrokers across Gujarat between the 15th and 28th of December 2022. The major cities where we will hold the meet-ups are Ahmedabad (16th December), Mehsana (19th December), Rajkot (21st December), Junagadh (22nd December), Vadodara (26th December), and Surat (27th December). On the rest of the days, we will meet with sub-brokers individually across these and other towns in Gujarat including Gandhinagar, Mount Abu, Surendranagar, Boatad, Veraval, Somnath, etc.”
The Securities and Exchange Board of India (SEBI), issued a circular mandating how clients’ funds must be settled. Many sub-brokers, trading members (TM), and others required assistance in comprehending the formal circular. Kapadiya, a sub-broker, noted, “When I first read the July circular, I found it very dense. I wish someone were there physically to guide me regarding compliance requirements”.
The seminar will also cover the changes announced in this circular and educate attendees on the most recent parameters they must follow.
Many existing and potential sub-brokers asked for help to scale their business in a rapidly changing world. A sub-broker from Surat, Rawal said, “There are many digital tools today, and how our competitors use them is difficult to keep up with. We need a meetup that helps us update on how to get more clients using digital technologies.” Recognizing their difficulties, Lakshmishree Investment planned a 14-day Sub-broker Meet in Gujarat.
Lakshmishree Investment & Securities Pvt Ltd has a regional office in Ahmedabad as well as RMs in more than ten cities throughout Gujarat. With more people choosing self-sufficiency and entrepreneurship, stockbroking has created new opportunities. This series of seminars will be held across Gujarat to assist existing and potential sub-brokers in updating their knowledge, learning new skills and becoming successful business owners.