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Aliceblue created UNREGISTERED FRANCHISE-Wisdom Capital

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Aliceblue created UNREGISTERED FRANCHISE-Wisdom Capital-Any Business Logic or Fraud?

Can any Broker create a franchisee without getting registered with exchanges NSE/MCX ?

What is the business logic of not getting Wisdom Capital registered with NSE as franchisee or is it for fraud?

Why Aliceblue would authorize altogether a different company name Wisdom Capital & different directors to offer discount broking business, rather than promoting their own brand. Is there any business logic or is it for fraud?

Be cautious & think about why Wisdom Capital is not registered ? It is a big risk to deal through intermediary who is not registered.

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