Private document repository · Folio KP-6968158
A running record of regulatory registrations, professional history, the Ambala distribution setup, and the operating doctrine that governs it. Every line carries a source tag. Nothing here is inferred without being marked as inference.
Two separate regulatory universes sit in this file. Keeping them apart is the first discipline of the ledger.
Your brief recorded this as a “SEBI registration CRD number.” It is not. CRD is FINRA’s Central Registration Depository, a United States system operated by the Financial Industry Regulatory Authority under SEC oversight. SEBI does not issue CRD numbers and has no visibility into this record.
Kept as a standing correction because the two identities in this file are easy to blur: CRD 6968158 is your US broker record; ARN / APRN numbers are the Indian distribution credentials in Folio E. A US CRD confers no authority whatsoever to distribute financial products in India, and vice versa.
Source: BrokerCheck report for CRD# 6968158, © 2026 FINRA. All entries in this folio are drawn directly from that document.
| Dates | Firm | CRD# | Branch | Span |
|---|---|---|---|---|
| 01/2022 – 04/2024 | BNP Paribas Securities Corp. | 15794 | New York, NY | ~2 yr 3 mo |
| 08/2018 – 02/2022 | Barclays Capital Inc. | 19714 | New York, NY | ~3 yr 6 mo |
Registration ends April 2024. Under FINRA rules, qualification examinations generally remain valid for two years after a registration terminates, with a longer window available only through the Maintaining Qualifications Program if enrolled at the time of termination. On the face of the dates alone, the ordinary two-year window ran to roughly April 2026.
Marked as inference from the dates, not a statement from the report. If re-registration in the US is ever on the table, this is the first fact to check, not the last.
Zero principal/supervisory exams. Two general industry exams. One state securities law exam.
| Exam | Category | Date | What it authorises |
|---|---|---|---|
| Uniform Securities Agent State Law Examination | Series 63 | 05 Jul 2018 | State-level blue-sky law; required by most US states alongside a FINRA rep registration. |
| General Securities Representative Examination | Series 7 | 24 Aug 2018 | The core representative licence — solicitation, purchase and sale of most securities products. |
| Securities Industry Essentials Examination | SIE | 01 Oct 2018 | Foundational knowledge exam; a co-requisite to the Series 7 under the post-2018 structure. |
| Principal / supervisory | — | None | No supervisory registration held. Relevant if a supervisory role is ever contemplated. |
The SIE is dated after the Series 7, which reads like an error but is not. FINRA restructured its representative-level exams effective 1 October 2018, splitting foundational content into the new SIE. Everyone already registered on that date was credited with the SIE automatically, dated to the launch day.
So the sequence is 63 → 7 → industry-wide restructure. Worth remembering: it is the single most misread line on the whole report.
As self-reported on the most recent Form U4. FINRA warns explicitly that an end date of “Present” is frozen at the moment registration ceased and does not reflect current employment.
| Period | Employer | Position | Inv. related | Location |
|---|---|---|---|---|
| 01/2022 – “Present” | BNPPSC (BNP Paribas Securities Corp.) | Trader | Y | New York, NY, USA |
| 09/2018 – 01/2022 | Barclays | Director | Y | New York, NY, USA |
| 01/2014 – 09/2018 | Barclays | Vice President | Y | London, United Kingdom |
The Indian side of the file. Registration numbers here are recorded as supplied and are marked pending independent verification against the AMFI and APMI registers.
Because the practice sits on individual and entity ARNs rather than an incorporated body, the legal person carrying the obligations is the proprietor, not a company. Practical effects worth holding in mind: liability is unlimited and personal; income is taxed in the individual’s hands; there is no share capital and therefore no clean instrument for bringing in a partner; and continuity depends entirely on the ARN holder.
This is not a criticism — it is precisely the lowest-overhead structure available, and it matches the doctrine in Folio G exactly. It is recorded here so the trade-off stays visible rather than becoming invisible through habit.
General public-domain context, not statements about this file. Kept here so the numbers in Folio E mean something when you return to them.
Regulatory positions move. Every entry in this folio should be treated as accurate as of the ledger date in the footer and re-checked against the SEBI, AMFI and APMI sources before being relied on for a decision. This ledger is a memory aid, not a compliance opinion.
Recorded verbatim from your brief in the left column. The right column is my reading of what each principle buys and what it costs — offered as a working annotation for you to overwrite, not as a verdict.
The doctrine is internally coherent: G-01, G-02, G-03 and G-05 all keep fixed costs near zero, which is what makes G-04, G-06 and G-07 affordable. You can only decline business and let clients walk if your break-even is low enough that you do not need them. The overhead discipline is the load-bearing element; the rest is downstream of it.
The single point of failure is that the doctrine has no answer to what happens when you are unavailable. G-01 makes that structurally unsolvable within the current setup. Recorded, not resolved.
Open items. Tick them off in this file as they are confirmed, and move the entry’s tag from “as supplied” to “verified”.
Answer before you open each line. If one doesn’t come, the folio reference next to the answer takes you straight back to it — no searching.
FINRA issues it, in the United States. SEBI does not, and has no CRD system at all. → Folio A-05
Series 63 (Jul 2018), Series 7 (Aug 2018), SIE (Oct 2018). Zero principal exams. → Folio C
FINRA restructured representative exams on 1 Oct 2018. Already-registered reps were credited with the SIE automatically, dated to the launch day. → Folio C-05
BNP Paribas Securities Corp. is 15794 (Jan 2022 – Apr 2024). Barclays Capital Inc. is 19714 (Aug 2018 – Feb 2022). → Folio B
The employment end date freezes at the point registration ceased. “Present” means “present as of the last U4 filing,” not today. FINRA states this on the page. → Folio D-05
ARN, from AMFI, for distributing mutual funds. APRN, from APMI, for distributing portfolio management services. Different bodies, different certifications, different registers. → Folio F-01, F-03
1 January 2025, under the SEBI circular of 2 May 2024. Commissions on new assets were withheld from unregistered distributors from that date until 31 July 2025. → Folio F-04, F-05
Minimal overhead (G-05). A low break-even is what makes declining business and letting clients leave affordable. Every other rule sits on top of it. → Folio G-10
The proprietor carries the obligations personally: unlimited liability, income taxed individually, no share capital to bring in a partner, and continuity tied to the ARN holder. → Folio E-07
Ruled rows for entries you add. Columns run: reference · entry · source tag. Keep the reference scheme — folio letter, then sequential number.
Sources of record for this revision: FINRA BrokerCheck report for CRD# 6968158 (© 2026 FINRA); brokercheck.finra.org; investbetternow.in; a public JustDial listing for the Ambala premises; SEBI’s circular of 2 May 2024 on APMI registration for PMS distributors as reported in the financial press; and your own written brief. Nothing in this document is legal, tax, compliance or investment advice, and registration details recorded as supplied have not been independently confirmed against the AMFI or APMI registers.