Stock broker – Hot Blogger Calendar http://hotbloggercalendar.com/ Mon, 29 Nov 2021 11:11:03 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://hotbloggercalendar.com/wp-content/uploads/2021/11/icon-12.png Stock broker – Hot Blogger Calendar http://hotbloggercalendar.com/ 32 32 From stockbroker to bank robber * starcasm.net https://hotbloggercalendar.com/from-stockbroker-to-bank-robber-starcasm-net/ Thu, 18 Nov 2021 19:17:17 +0000 https://hotbloggercalendar.com/from-stockbroker-to-bank-robber-starcasm-net/ Jeanne Trantel thought she had the perfect life, but looking back, she would have liked to question it more. She thinks there was also a part of her “that just didn’t want to know what was going on”. Her husband Stephen Trantel was a hard worker but he had a criminal secret. Three years before […]]]>

Jeanne Trantel thought she had the perfect life, but looking back, she would have liked to question it more. She thinks there was also a part of her “that just didn’t want to know what was going on”. Her husband Stephen Trantel was a hard worker but he had a criminal secret.

Three years before their marriage, Jeanne met Stephen at a restaurant on Long Island where he was a bartender. She knew straight away that she wanted a future with him.

Jeanne’s childhood friend Veronica Finnegan thought Stephen was a lovely, likeable guy.

When Jeanne and Stephen got married, he really wanted Jeanne to emulate her mother, who was a stay-at-home mom. Jeanne did not dream of this kind of life for herself, but she lived it for Stephen because she wanted to be a “nice wife”.

Stephen was a workaholic who was driven to get rich. Part of Stephen’s dream was to make sure he and Jeanne respected this image. He always wanted her to wear beautiful dresses with matching bags.

Jeanne says Stephen was a great father to their children Stephen and Ryan, to whom he was devoted.

They moved to Rockville Center, a small affluent town, to raise their family as Stephen’s career on Wall Street took off. Jeanne never really knew much about their finances, but she felt happy and in love.

Fairly quickly, she learned a shocking truth about their life and it all fell apart.

On September 11, 2001, Stephen’s car would not start, so he took a taxi to the train station to get to work. Of course, that was the day terrorist planes crashed into the World Trade Center, which was three blocks from where Stephen was working.

Jeanne panicked and called Stephen to see if he was okay, but he didn’t answer so she assumed the worst. He did not contact Jeanne until 8 p.m. Stephen told him that he was fine, but that he had missed his train because the taxi was late. Jeanne was relieved to learn that he was alive.

Not everyone was so lucky. Jeanne and Stephen lost many of their friends that day. Stephen’s job was shut down for several weeks due to the tragedy, and eventually he lost his job as a stock trader.

Jeanne tried to be positive during this scary financial time. One day she heard a call from a mortgage company saying she was two months behind in her payments. Stephen would try to make money by trading his own money in the stock market, which is a bit like gambling. Some days he made gains, but other days he took losses that put him in bad shape. mood.

Stephen got very nervous and nervous. He has become very calm and withdrawn from his family. He had been through a lot with 9/11, the loss of his friends and the loss of his job, but he didn’t want to open up. Jeanne and Stephen started to walk away. The following year, in August 2002, Stephen lost his mother.

Stephen became very angry after his mother passed away. He got very nervous and hyper. One day he ran out of the room after his wife said hello to him.

In October 2003, Jeanne picked up old Stephen for their birthday. He took her to Manhattan for dinner and it was like the good old days again. Jeanne noticed that Stephen was paying everything in cash. Jeanne had no suspicion about this behavior at the time, but now it was a huge clue as to what was really going on.

After their fun time in town, Stephen’s mood turned irritable and gloomy again. Jeanne began to suspect that he was cheating on her. During this time, Jeanne also noticed that she was being followed by a black car.

On November 27, 2003, on Thanksgiving, Stephen paced the lawn while talking to someone. When asked, Stephen said he was on the phone with his family or friends, but Jeanne felt that was a lie. His parents were worried about Stephen because of this strange behavior.

The next day, November 28, 2003, Stephen said he was going fishing with his uncle. Later he called and said they caught a lot of fish and it had been an amazing day. However, he was not home within hours of saying he would be home. Jeanne felt she could not contact him on September 11.

The next phone call changed her life forever. Police were on the other line and told him Stephen was under arrest for a series of bank robberies. Stephen told her he was innocent, and she believed him at first. She knew he had acted strangely, but she just couldn’t accept that it was because he was robbing banks.

When Jeanne saw him at the courthouse, Stephen looked incredibly sick and distraught. His bail was $ 500,000, which they couldn’t afford.

Jeanne went to visit Stephen in prison during a snowstorm. She wanted him to tell her the truth, but he lied to her anyway. Eventually, her father posted a bond.

Jeanne’s father was a prosecutor and spoke to the police about the case. He made Jeanne understand that there was a lot of evidence against him. When he got back on bail, Jeanne finally got Stephen to confess to her. He explained that he had lost all of their money on the exchange. He was desperate, so he decided to fix his financial situation by robbing banks.

Jeanne had the impression that there were two of her husband: a good one and a bad one. She felt like Stephen had left her when he chose to rob banks, so she divorced.

How Stephen robbed banks

Stephen had disguised himself with sunglasses, a hat, latex gloves and a jumpsuit over his clothes. He hit during quiet times when no one else was at the bank.

He handed the cashier a note saying, “I have a gun, give me the money.” He put the money in a brown paper bag and walked out of the bank without a fingerprint or proof of identification. He always knew the bank layouts and where the cameras were.

He would choose a bank with a cafe nearby. He would buy a cup of coffee and leave his cup of coffee on a mailbox or on a ledge. He used his child’s school backpack to wear his disguise. He would put on the disguise a few blocks away, go to the bank, get the money. Then he would find a corner, take off his disguise, and go back to where he left his coffee and pick it up. His reasoning for the coffee was that he thought no one would think that a guy walking down the street enjoying a cup of coffee had just robbed a bank.

How did he get caught?

From July to November 2003, detectives noticed an increase in bank robberies on Long Island and a decrease in the time between banks. Police took their break when Stephen left a sticky note behind, which had a fingerprint on it. They scoured it in their database and got a Stephen Trantel DUI hit from 1984.

The detectives began to monitor after learning her name, which is why Jeanne believed she was being followed.

On March 22, 2004, Stephen Trantel pleaded guilty to three first degree robberies. He received a nine-year prison sentence.

In 2010, Leanne published a book about her experience titled Blessings in disguise (affiliate link.)

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Burr’s brother-in-law called the stockbroker a minute after hanging up on the phone with Senator NC | DFA 90.7 https://hotbloggercalendar.com/burrs-brother-in-law-called-the-stockbroker-a-minute-after-hanging-up-on-the-phone-with-senator-nc-dfa-90-7/ https://hotbloggercalendar.com/burrs-brother-in-law-called-the-stockbroker-a-minute-after-hanging-up-on-the-phone-with-senator-nc-dfa-90-7/#respond Thu, 28 Oct 2021 17:19:00 +0000 https://hotbloggercalendar.com/burrs-brother-in-law-called-the-stockbroker-a-minute-after-hanging-up-on-the-phone-with-senator-nc-dfa-90-7/ This story was originally published by ProPublica. After North Carolina Sen. Richard Burr emptied more than $ 1.6 million in shares in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a new file from the Securities and Exchange Commission. They spoke for 50 seconds. Burr, according to the […]]]>

This story was originally published by ProPublica.

After North Carolina Sen. Richard Burr emptied more than $ 1.6 million in shares in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a new file from the Securities and Exchange Commission.

They spoke for 50 seconds.

Burr, according to the SEC, had significant non-public information regarding the inbound economic impact of the coronavirus.

The next minute, Burr’s brother-in-law, Gerald Fauth, called his broker.

ProPublica had previously reported that Fauth, a member of the National Mediation Council, emptied shares on the same day as Burr. But it was previously unknown that Burr and Fauth spoke to each other that day and that their contact took place just before Fauth himself began the process of dumping inventory.

The revelations are part of an SEC effort to force Fauth to comply with a subpoena the agency said it blocked for more than a year, and which was filed shortly after the story of ProPublica.

In the filings, the SEC also revealed that an insider trading investigation is underway into Burr and Fauth’s transactions.

It had previously been reported that federal prosecutors had decided not to indict Burr.

Burr’s spokesperson did not immediately respond to questions. Fauth’s lawyer and the SEC did not answer questions. Fauth hung up on a journalist from ProPublica.

According to the SEC, Fauth cited a medical condition for which he cannot comply with the subpoena, even though he is in good enough health to continue his duties on the National Mediation Board. In its documents, the SEC accuses Fauth of having engaged in “a fierce battle” to dodge the subpoena.

In 2017, President Donald Trump appointed Fauth to the three-person board of directors, a federal agency that facilitates labor-management relations in the country’s rail and airline industries. President Joe Biden returned him to the board of directors.

On the day he got the call from Burr, Fauth sold between $ 97,000 and $ 280,000 of shares in six companies, including several that were particularly hard hit by the market crash and the economic downturn. According to the SEC, the first broker he called after hearing Burr was out of the office, so he immediately called another broker to execute the trades.

ProPublica is a non-profit newsroom that investigates abuse of power. Subscribe to receive our biggest stories as soon as they are published.

In its documents, the SEC also alleges, for the first time, that Burr had material non-public information on the economic impact of the upcoming coronavirus crisis, based on his role at the time as chairman. of the Intelligence Committee, as a member of the Ministry of Health. committee and by former staff who were leading key aspects of the government’s response to the virus.

The week following the transactions, the market began its crash, falling more than 30% the following month.

Burr came under scrutiny after ProPublica reported that it sold a significant percentage of its shares shortly before the market collapsed, unloading between $ 628,000 and $ 1.72 million. dollars of its holdings on Feb. 13 in 33 separate transactions. The precise amount of its share sales, over $ 1.6 million, is also a new detail in documents filed with the SEC this week. In his roles on intelligence and health committees, Burr has had access to the most confidential government information on threats to US security and public health issues.

Prior to its sale, Burr had assured the public that the federal government was well prepared to deal with the virus. In a February 7 editorial he co-wrote with another senator, he said that “the United States is now better prepared than ever to deal with emerging public health threats, such as the coronavirus” .

This month, however, according to a recording obtained by NPR, Burr had given a VIP group at an exclusive social club a much more dire glimpse of the economic impact of the coronavirus, warning he could cut back on business travel. , lead to the closure of schools and lead to the mobilization of the military to compensate for overwhelmed hospitals.

Burr defended his actions, saying he relied only on public information, including CNBC reports, to educate his trades and did not rely on information he obtained as a senator.

Alice Fisher, Burr’s lawyer, told ProPublica at the time that “Sen. Burr participated in the stock market based on public information and he did not coordinate his decision to trade on Feb.13 with Mr Fauth.


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Burr’s brother-in-law called the stock broker a minute after picking up the phone with the senator – ProPublica https://hotbloggercalendar.com/burrs-brother-in-law-called-the-stock-broker-a-minute-after-picking-up-the-phone-with-the-senator-propublica/ https://hotbloggercalendar.com/burrs-brother-in-law-called-the-stock-broker-a-minute-after-picking-up-the-phone-with-the-senator-propublica/#respond Thu, 28 Oct 2021 16:05:00 +0000 https://hotbloggercalendar.com/burrs-brother-in-law-called-the-stock-broker-a-minute-after-picking-up-the-phone-with-the-senator-propublica/ ProPublica is a non-profit newsroom that investigates abuse of power. Sign up to receive our greatest stories as soon as they are published. After North Carolina Sen. Richard Burr emptied more than $ 1.6 million in shares in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a new […]]]>

After North Carolina Sen. Richard Burr emptied more than $ 1.6 million in shares in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a new file from the Securities and Exchange Commission.

They spoke for 50 seconds.

Burr, according to the SEC, had significant non-public information regarding the inbound economic impact of the coronavirus.

The next minute, Burr’s brother-in-law, Gerald Fauth, called his broker.

ProPublica had previously reported that Fauth, a member of the National Mediation Council, emptied shares on the same day as Burr. But it was previously unknown that Burr and Fauth spoke to each other that day and that their contact took place just before Fauth himself began the process of dumping inventory.

The revelations are part of an SEC effort to force Fauth to comply with a subpoena the agency said it blocked for more than a year, and which was filed shortly after the story of ProPublica.

In the filings, the SEC also revealed that an insider trading investigation is underway into Burr and Fauth’s transactions.

It had previously been reported that federal prosecutors had decided not to indict Burr.

Burr’s spokesperson did not immediately respond to questions. Fauth’s lawyer and the SEC did not answer questions. Fauth hung up on a journalist from ProPublica.

According to the SEC, Fauth cited a medical condition for which he cannot comply with the subpoena, even though he is in good enough health to continue his duties on the National Mediation Board. In its documents, the SEC accuses Fauth of having engaged in “a fierce battle” to dodge the subpoena.

In 2017, President Donald Trump appointed Fauth to the three-person board of directors, a federal agency that facilitates labor-management relations in the country’s rail and airline industries. President Joe Biden returned him to the board of directors.

On the day he got the call from Burr, Fauth sold between $ 97,000 and $ 280,000 of shares in six companies, including several that were particularly hard hit by the market crash and the economic downturn. According to the SEC, the first broker he called after hearing Burr was out of the office, so he immediately called another broker to execute the trades.

In its documents, the SEC also alleges, for the first time, that Burr had material non-public information on the economic impact of the upcoming coronavirus crisis, based on his role at the time as chairman. of the Intelligence Committee, as a member of the Ministry of Health. committee and by former staff who were leading key aspects of the government’s response to the virus.

The week following the transactions, the market began its crash, falling more than 30% the following month.

Burr came under scrutiny after ProPublica reported that it sold a significant percentage of its shares shortly before the market collapsed, unloading between $ 628,000 and $ 1.72 million. dollars of its holdings on Feb. 13 in 33 separate transactions. The precise amount of its share sales, over $ 1.6 million, is also a new detail in documents filed with the SEC this week. In his roles on intelligence and health committees, Burr has had access to the most confidential government information on threats to US security and public health issues.

Prior to its sale, Burr had assured the public that the federal government was well prepared to deal with the virus. In a February 7 editorial he co-wrote with another senator, he said that “the United States is now better prepared than ever to deal with emerging public health threats, such as the coronavirus” .

This month, however, according to a recording obtained by NPR, Burr had given a VIP group at an exclusive social club a much more dire glimpse of the economic impact of the coronavirus, warning he could cut back on business travel. , lead to the closure of schools and lead to the mobilization of the military to compensate for overwhelmed hospitals.

Burr defended his actions, saying he relied only on public information, including reports from CNBC, to educate his trades and did not rely on information he obtained as a senator.

Alice Fisher, Burr’s lawyer, told ProPublica at the time that “Sen. Burr participated in the stock market based on public information and he did not coordinate his decision to trade on Feb.13 with Mr Fauth.


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Senator Burr’s brother-in-law called the stock broker a minute after the call with the Senator https://hotbloggercalendar.com/senator-burrs-brother-in-law-called-the-stock-broker-a-minute-after-the-call-with-the-senator/ Thu, 28 Oct 2021 07:00:00 +0000 https://hotbloggercalendar.com/senator-burrs-brother-in-law-called-the-stock-broker-a-minute-after-the-call-with-the-senator/ ProPublica is a non-profit newsroom that investigates abuse of power. Sign up to receive our greatest stories as soon as they are published. After Senator Richard Burr of North Carolina emptied more than $ 1.6 million in shares in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a […]]]>

ProPublica is a non-profit newsroom that investigates abuse of power. Sign up to receive our greatest stories as soon as they are published.

After Senator Richard Burr of North Carolina emptied more than $ 1.6 million in shares in February 2020 a week before the coronavirus market crash, he called his brother-in-law, according to a new file from the Securities and Exchange Commission.

They spoke for 50 seconds.

Burr, according to the SEC, had significant non-public information regarding the inbound economic impact of the coronavirus.

The next minute, Burr’s brother-in-law, Gerald Fauth, called his broker.

ProPublica had previously reported that Fauth, a member of the National Mediation Council, emptied shares on the same day as Burr. But it was previously unknown that Burr and Fauth spoke to each other that day and that their contact took place just before Fauth himself began the process of dumping inventory.

The revelations are part of an SEC effort to force Fauth to comply with a subpoena the agency said it blocked for more than a year, and which was filed shortly after the story of ProPublica.

In the filings, the SEC also revealed that an insider trading investigation is underway into Burr and Fauth’s transactions.

It had previously been reported that federal prosecutors had decided not to indict Burr.

Burr’s spokesperson did not immediately respond to questions. Fauth’s lawyer and the SEC did not answer questions. Fauth hung up on a journalist from ProPublica.

According to the SEC, Fauth cited a medical condition for which he cannot comply with the subpoena, even though he is in good enough health to continue his duties on the National Mediation Board. In its documents, the SEC accuses Fauth of having engaged in “a fierce battle” to dodge the subpoena.

In 2017, President Donald Trump appointed Fauth to the three-person board of directors, a federal agency that facilitates labor-management relations in the country’s rail and airline industries. President Joe Biden returned him to the board of directors.

On the day he got the call from Burr, Fauth sold between $ 97,000 and $ 280,000 of shares in six companies, including several that were particularly affected by the market crash and the economic downturn. According to the SEC, the first broker he called after hearing Burr was out of the office, so he immediately called another broker to execute the trades.

In its documents, the SEC also alleges, for the first time, that Burr had material non-public information on the economic impact of the upcoming coronavirus crisis, based on his role at the time as chairman. of the Intelligence Committee, as a member of the Ministry of Health. committee and through former staff who were leading key aspects of the government’s response to the virus.

The week following the transactions, the market began its crash, falling more than 30% the following month.

Burr came under scrutiny after ProPublica reported that it sold a significant percentage of its shares shortly before the market collapsed, unloading between $ 628,000 and $ 1.72 million. dollars of its holdings on Feb. 13 in 33 separate transactions. The precise amount of its share sales, over $ 1.6 million, is also a new detail in documents filed with the SEC this week. In his roles on intelligence and health committees, Burr had access to the most confidential government information on threats to US security and public health issues.


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ByteDance says it will reduce size of fintech business, plans to sell stock brokerage operations https://hotbloggercalendar.com/bytedance-says-it-will-reduce-size-of-fintech-business-plans-to-sell-stock-brokerage-operations-2/ https://hotbloggercalendar.com/bytedance-says-it-will-reduce-size-of-fintech-business-plans-to-sell-stock-brokerage-operations-2/#respond Thu, 02 Sep 2021 07:00:00 +0000 https://hotbloggercalendar.com/bytedance-says-it-will-reduce-size-of-fintech-business-plans-to-sell-stock-brokerage-operations-2/ BEIJING: ByteDance, owner of Beijing-based TikTok, said on Wednesday it would scale down its financial services unit and plan to sell off its stock brokerage operations amid China’s tightening grip on the financial technology sector (fintech). ByteDance operates Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, and Haitun Gupiao, or Dolphin Stocks, in […]]]>
BEIJING: ByteDance, owner of Beijing-based TikTok, said on Wednesday it would scale down its financial services unit and plan to sell off its stock brokerage operations amid China’s tightening grip on the financial technology sector (fintech).

ByteDance operates Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, and Haitun Gupiao, or Dolphin Stocks, in mainland China.

China recently tightened its control over the fintech sector, forcing companies to form financial holding companies if they qualify, as Ant Group, a fintech subsidiary of Alibaba (9988.HK), has been forced to do so earlier this year, a decision that tightens. capital requirements.

Sources said ByteDance had never prioritized the expansion of fintech and had focused on sectors such as e-commerce and gaming as new sources of growth.

ByteDance also operates Douyin Pay, its own third-party mobile payment, to facilitate e-commerce transactions for users on the Douyin short video app, the Chinese version of TikTok.

The two ubiquitous third-party mobile payment channels in China, Ant’s Alipay and WeChat Pay from Tencent Holdings, are also available on Douyin.


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ByteDance says it will reduce size of fintech business, plans to sell stock brokerage operations https://hotbloggercalendar.com/bytedance-says-it-will-reduce-size-of-fintech-business-plans-to-sell-stock-brokerage-operations-4/ https://hotbloggercalendar.com/bytedance-says-it-will-reduce-size-of-fintech-business-plans-to-sell-stock-brokerage-operations-4/#respond Wed, 01 Sep 2021 07:00:00 +0000 https://hotbloggercalendar.com/bytedance-says-it-will-reduce-size-of-fintech-business-plans-to-sell-stock-brokerage-operations-4/ BEIJING, September 2 (Reuters) – ByteDance, the owner of Beijing-based TikTok, said on Wednesday that it would scale down its financial services unit and plan to sell off its stock brokerage business amid tightening China’s grip on the market. financial technology sector (fintech). ByteDance operates Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, […]]]>

BEIJING, September 2 (Reuters)ByteDance, the owner of Beijing-based TikTok, said on Wednesday that it would scale down its financial services unit and plan to sell off its stock brokerage business amid tightening China’s grip on the market. financial technology sector (fintech).

ByteDance operates Songshu Zhengquan, which translates to Squirrel Securities, in Hong Kong, and Haitun Gupiao, or Dolphin Stocks, in mainland China.

China recently tightened its control over the fintech sector, forcing companies to form financial holding companies if they qualify, as Ant Group, a fintech subsidiary of Alibaba (9988.HK), has been forced to do so earlier this year, a decision that tightens. capital requirements.

Sources said ByteDance had never prioritized the expansion of fintech and had focused on sectors such as e-commerce and gaming as new sources of growth.

ByteDance also operates Douyin Pay, its own third-party mobile payment, to facilitate e-commerce transactions for users on the Douyin short video app, the Chinese version of TikTok.

China’s two ubiquitous third-party mobile payment channels, Ant’s Alipay and Tencent Holdings’ 0700.HK WeChat Pay, are also available on Douyin.

(Reporting by Yingzhi Yang and Brenda Goh. Editing by Gerry Doyle)

((Yingzhi.Yang@thomsonreuters.com; +861056692133;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


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Raise de Pravin Jadhav acquires stock broker Moneylicious https://hotbloggercalendar.com/raise-de-pravin-jadhav-acquires-stock-broker-moneylicious/ https://hotbloggercalendar.com/raise-de-pravin-jadhav-acquires-stock-broker-moneylicious/#respond Tue, 10 Aug 2021 07:47:01 +0000 https://hotbloggercalendar.com/raise-de-pravin-jadhav-acquires-stock-broker-moneylicious/ Raise Financial Services is an advanced equity trading platform that offers data-driven decisions made possible by real-time information and signals. Raise to launch investment app by end of 2021 Moneylicious Securities will operate as a 100% subsidiary of Raise Financial Services Raise Financial Services, former Paytm Money CEO Pravin Jadhav, fintech start-up Raise Financial Services, […]]]>

Raise Financial Services is an advanced equity trading platform that offers data-driven decisions made possible by real-time information and signals.

Raise to launch investment app by end of 2021

Moneylicious Securities will operate as a 100% subsidiary of Raise Financial Services

Raise Financial Services, former Paytm Money CEO Pravin Jadhav, fintech start-up Raise Financial Services, has acquired Mumbai-based stock broker Moneylicious Securities.

As part of the deal, Moneylicious CEO and Founder Jayprakash Gupta will join Raise as a co-founder.

Founded in 2012, Moneylicious Securities is a registered securities broker and member of all stock exchanges (BSE, NSE, MCX) for all segments (cash, F&O, commodities and currencies) and a depository participant with CDSL.

The acquisition has received all required approvals from the capital markets regulator SEBI, stock exchanges (BSE, NSE and MCX) and CDSL.

Founded in 2021 by Former Paytm Money CEO Pravin Jadhav, Raise plans to create technology-driven consumer products through financial services, including finance, insurance, investments, payments and wealth.

Acquiring Moneylicious is the first step in building an investment and wealth stack for Raise. “Each of us at Raise is now preparing to step into the investment and wealth management space. We are on track to launch our first product by the end of 2021. We aim to build India’s most advanced technology investment platform, ”the company said.

Following the acquisition, Moneylicious Securities will operate as a wholly-owned subsidiary of Raise Financial Services with its clients, operations, businesses and team members.

To augment had raised its first round of funding from Mirae Asset Venture Investment earlier this year in February.

In his acquisition announcement, Jadhav said, “Over the years people have gotten smarter about investing, but not the products they use. There is little to no innovation, hard to use apps, most of them look the same for years, or are just plain boring.

Raise aims to create products and services focused on a specific audience and population – financially savvy users in subways and Tier 1 and 2 towns and villages.

“The participation of retailers in the stock markets has increased significantly over the past 18 months. This enthusiasm and interest are irreversible. The acquisition of Moneylicious Securities allows us to enter the investment and wealth management space with a technology platform designed for super traders and long-term investors, ”said Jadhav.

To grow, Zerodha, Pay money, INDMoney are some of the active investment technology platforms in India.


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Raise Financial from Pravin Jadhav acquires stock broker Moneylicious https://hotbloggercalendar.com/raise-financial-from-pravin-jadhav-acquires-stock-broker-moneylicious/ https://hotbloggercalendar.com/raise-financial-from-pravin-jadhav-acquires-stock-broker-moneylicious/#respond Tue, 10 Aug 2021 07:00:00 +0000 https://hotbloggercalendar.com/raise-financial-from-pravin-jadhav-acquires-stock-broker-moneylicious/ Pravin Jadhav, the head of financial technology firm Raise Financial Services, has acquired a 100% stake in Moneylicious stock brokerage app based in Mumbai. Following the acquisition, Jayprakash Gupta, founder and CEO of Moneylicious, has joined Raise as a co-founder and the company will operate as a wholly-owned subsidiary, Raise Financial said in a press […]]]>

Pravin Jadhav, the head of financial technology firm Raise Financial Services, has acquired a 100% stake in Moneylicious stock brokerage app based in Mumbai.

Following the acquisition, Jayprakash Gupta, founder and CEO of Moneylicious, has joined Raise as a co-founder and the company will operate as a wholly-owned subsidiary, Raise Financial said in a press release. The acquisition also received all required approvals from the capital markets regulator SEBI, stock exchanges (BSE, NSE and MCX) and CDSL.

Nine-year-old Moneylicious is a registered stockbroker and also a member of all stock exchanges including BSE, NSE, MCX for all segments such as cash, F&O, commodities and currencies and a depository participant with CDSL.

Raise is now aiming to launch an investment app built and designed especially for long-term traders and investors in the stock markets over the next few months. Notably, Raise also said he will continue to explore similar opportunities to acquire startups in the finance industries and to accelerate and scale up his efforts by building teams on products, technology and operations.

“Retailer participation in the stock market has grown significantly over the past 18 months, this momentum and interest is irreversible. The acquisition of Moneylicious Securities allows us to enter the investment and wealth management space with a technology platform designed for super traders and long-term investors, ”said Jadhav, Founder and CEO of Raise.

Based in Mumbai, Raise develops infrastructure products and services to serve Indians with fintech services such as finance, insurance, investment, payments and wealth. According to the company, it will focus on subways, Level I and Level II cities in India.

Currently operating with a team of over 75 people, the company aims to reach over 100 people by the end of this year.

The yet-to-launch company lifted its Mirae Asset-led tour de table in February of this year. The round saw the participation of several angel investors such as Kalyan Krishnamurthi, Sameer Nigam, Kunal Shah, Amrish Rau and Jadhav himself also invested in the round.

Prior to leaving Paytm Money in March 2020, Jadhav was a full-time director of the company and was subsequently promoted to Managing Director and CEO of the wealth management company in September 2019.


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Stock broker launches online stock trading portal https://hotbloggercalendar.com/stock-broker-launches-online-stock-trading-portal/ https://hotbloggercalendar.com/stock-broker-launches-online-stock-trading-portal/#respond Tue, 06 Jul 2021 07:00:00 +0000 https://hotbloggercalendar.com/stock-broker-launches-online-stock-trading-portal/ The Managing Director of the Nairobi Stock Exchange, Geoffrey Odundo. [Jonah Onyango, Standard] The brokerage firm EFG Hermes Kenya has launched an online equity trading portal, EFG Hermes One. The platform offers retail investors “transparent and convenient” stock trading on the Nairobi Stock Exchange (NSE) – thereby improving investor access to capital markets. “With capital […]]]>

The Managing Director of the Nairobi Stock Exchange, Geoffrey Odundo. [Jonah Onyango, Standard]

The brokerage firm EFG Hermes Kenya has launched an online equity trading portal, EFG Hermes One.

The platform offers retail investors “transparent and convenient” stock trading on the Nairobi Stock Exchange (NSE) – thereby improving investor access to capital markets.

“With capital market trends showing increasing interest from retail investors, we aim to increase access and awareness to capital markets to foster better equity trading in Sub-Saharan Africa,” Ali said. Khalpey, Managing Director of EFG Hermes Frontier.

He said expanding into the retail space is part of the company’s commitment to expand its services across Africa.

EFG Hermes Kenya seeks to capitalize on the high penetration of mobile telephony to meet the needs of investors.

NSE chief executive Geoffrey Odundo said the portal allows retail investors to buy and sell stocks as well as settle trades in a single day.

“This move is an integral part of our drive to open up the market to increased retailer participation, to see more stocks listed on the NSE and to increase the value of our stock markets to 50% of Kenya’s GDP,” he said. declared Odundo.

Portal users can access real-time stock quotes, place, track, review, modify and cancel open orders.

EFG Hermes Kenya Equity Manager Muathi Kilonzo said the portal will create more opportunities for retail and institutional investors.


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Step by step guide to become a stockbroker in India https://hotbloggercalendar.com/step-by-step-guide-to-become-a-stockbroker-in-india/ https://hotbloggercalendar.com/step-by-step-guide-to-become-a-stockbroker-in-india/#respond Thu, 10 Jun 2021 07:00:00 +0000 https://hotbloggercalendar.com/step-by-step-guide-to-become-a-stockbroker-in-india/ Franchising is a great source of investment and income, making it a great business opportunity for enthusiasts. As a proud owner of your business, you can choose to go with the Stock Market Sub Broker model. The stock market offers many opportunities, starting with investing, including business opportunities. You can start your business through the […]]]>

Franchising is a great source of investment and income, making it a great business opportunity for enthusiasts. As a proud owner of your business, you can choose to go with the Stock Market Sub Broker model.

The stock market offers many opportunities, starting with investing, including business opportunities. You can start your business through the stock market, by following the steps mentioned below.

Chose to join the scholarship as a career option

First of all, you need to decide and choose this field as your career. There are a lot of requirements and dedication that go into being a successful sub-broker and you need to make sure you adhere to them.

You need to make sure you have good communication and selling skills and have a good knowledge of the stock market. This would allow you to effectively sell brokerage products and services to your audience.

Sharekhan is one of the biggest players in the stock market franchise. To start the Sharekhan franchise, Click here

Academic requirements

Many of the most profitable and popular stock brokers have rigorous training programs for sub-brokers. This therefore requires that you have a degree from a reputable and recognized institution.

This is not a rule of thumb however; as the requirement is subject to change depending on the brokerage firm you choose to partner with. In addition, there are several sub-broker or franchise business models offered and the degree required will vary as well.

However, having a higher qualification is most likely to earn you many benefits. It would keep your application in the spotlight as a higher qualification says a lot about the candidate,

License requirements

You need to obtain a series of registrations and licenses from the stock market regulator. It is only once the licenses are obtained that you will be considered a reliable sub-broker.

Also, be sure to contact your preferred stock broker and perform a routine check. This will help you understand all the requirements, both general and exclusive of stock brokers.

If you have all the licenses according to the requirements, you will receive your Sub-Broker ID sooner.

Partner with a stock broker

The next step that you need to take is finding the broker that’s right for you. Since there are many stock brokers out there, you need to make sure you choose the best one.

The best stock broker will not only make you good income, but also make the process of starting your sub-broker business easier.

Therefore, you need to research all stock brokers, weigh them and rank them based on several factors. Examples of such factors are commission, amount of investment, support, types of brokers, experience, rating, type of business model, etc.

The type of securities broker generally refers to traditional brokers and discount brokers. Therefore, you need to research both and what business models they offer versus the one you are looking for. This would allow you to make a final decision, possibly the best one.

You can then partner with them throughout the process to become a sub-broker, they suggest.

Build a network and a clientele

Now you have to put your skills, your knowledge and your excellence on the line. There are many ways to get clients and you must adhere to them accordingly.

Depending on the sub-broker model you choose, you can also hire help in the form of employees. It would help you attract a lot of customers and build a good customer network.

Conclusion – How to become a stock broker in India?

We have covered all the major aspects of becoming a sub-broker with you. The whole step-by-step process has been brought forward for your consideration.

You can refer to it, while making sure that your passion and enthusiasm is the same at all stages. It would eventually turn your business into a success and bring you a lot of income.


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