With the growth in the dealings of stock markets, lot of malpractices also started in stock markets such as price rigging, an unofficial premium on new issue, and delay in delivery of shares, violation of rules and regulations of stock exchange and listing requirements. Due to these malpractices the customers started losing confidence and faith in the stock exchange. So government of India decided to set up an agency or regulatory body known as Securities Exchange Board of India (SEBI). As we are situated in indore so we are reporting to our local sebi office which is situated in Indore, 104-105, Satguru Parinay, Opposite C-21 Mall, A.B. Road, Indore - 452010, Madhya Pradesh.
The Securities and Exchange Board of India (SEBI), a statutory body appointed by an Act of Parliament (SEBI Act, 1992), is the chief regulator of securities markets in India.
The Preamble of the Securities and Exchange Board of India describes the basic functions of the Securities And Exchange Board of India as "...to protect the interests of investors in securities and to Promote the development of, and to regulate the securities market and for matters Connected there with or incidental there to".
The overall objectives of SEBI are to protect the interest of investors and to promote the development of stock exchange and to regulate the activities of stock market.
Any person who proposes to provide Research Analyst as defined under the regulations or Who qualifies under the definition of “Research Analyst” shall be required to obtain a registration certificate from SEBI in order to continue to do this activity. Confluence Research is SEBI registered Research Analyst our SEBI registration number INH000014207.
The term “Research Analyst” has been specifically defined under the regulations. It means Any form of advice provided in relation to investment, purchase, sale or dealing in securities Or investment products. It also includes advice on a portfolio of securities or investment Products and financial planning. Such advice may be provided as a written advice or an oral Recommendation.
In Confluence Research SEBI registered Research Analyst we Provide Research Analyst through SMS on Clients registered Mobile number.
Confluence Research always maintain strict confidentiality with respect to the information received from the client.
Confluence Research always follow Know Your Client procedure as specified by SEBI from time to time.
Confluence Research always abide by the Code of Conduct as specified in Third Schedule of the Research Analyst Regulations.
Confluence Research discloses all conflicts of interest to the client as and when they arise.
Confluence Research file periodic reports or information to SEBI as may be required from time to time and take prior approval from SEBI if there is a change in control of the Research Analyst.
Confluence Research will not receive any consideration or remuneration from anyone except the client in respect of securities or investment products for which he has provided advice.
We do not have any tie ups with any broking or other firm. We maintain arm’s length relationship between Research Analyst activity and such other activities. If a conflict of interest arises, the same shall be disclosed to the client.
The nature of service that is provided by Confluence Research is directly related to the financial situation of their clients. The relationship between the Confluence Research and client is that of trust and the Research Analyst, while performing his role, should act in good faith in the best interests of the client.
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RIAs shall provide Research Analyst only after completing the following steps:
a. Complete the risk profile of the client based on information provided by the client.
b. Obtain consent of the client on completed risk profile either through registered email or physical document.
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