SEBI may cap advisory fee at Rs.1.25 lakh per annum for RIAs

Oh so now we know there is a working committee who give these diktats without understanding or going to the ground and just by looking around the world for bringing any foolish and malicious regulations.

The most important question is what did distributors ( I mean individual distributors not banks do wrong? I understand banks only and only missell but still banks are given preference from these regulators and we who genuinely had hold our investors are maligned and neglected) do wrong or how many investors of the distributor lost money and compare them with how many investors of bank and direct investors lost money and how much? When in all the forums regulator says that we don't undermine distributor role but we want direct participation to increase means what? When they bring direct model means that they despise us? When they bring RIA model which actually is a failed model and force it onto people it clearly shows their intention that they want only AMCs to earn and in fact they want to maximise their profits.

Is the regulator's job to see to it that the companies they regulate maximise their profits by cutting distributors commission(micro management) and bringing RIA model so they don't have to pay a single penny to them and at the same time increase their expense ratios or to safeguard investor's from missellers and increasing cost.( Almost all schemes of direct and regular have increased their expense ratios so reducing TER and capping commissions was just a ploy and eyewash by regulator to help maximise AMCs profits). First decrease and remove the distributors and then increase how much ever you want. Let the investors go to hell and suffer is what regulator believes.

I feel some foreigners want to enter into this space and they don't want competition and that is why our government is taking these steps. Should we not learn from USA when we actually should( previously we blindly followed them when it comes to economic policies which have got us in this mess and in fact we should see them and learn how it destroys their own people and their own culture and learn and not implement everything blindly without understanding ground reality). USA on the other hand is now stopping people from entering and saving their own people from outside and more capable and more intelligent competition and on our country the population is so large that if we go on discouraging and in fact directly removing them from their profession( just to fulfill few company's greedor to help foreigners) than we will be in a very big trouble. One should learn from other's experience that now USA who taught the world liberalisation is becoming protectionist so we all should foresee this and start protecting our people just to benefit foreigners directly or indirectly(almost all the big corporates are owned by foreigners).

This has to stop.

What is RIA?

I think , SEBI working committee members want to discourage RIA and they might have their own advisory services from indore , otherwise how so many indore advisors got the license to work even after getting so much complaints , SEBI did not take any action , it looks like there is connection between these one of these Scammers and these members , otherwise it was not possible to get license .

Why dont they take the complaints seriously posted on SCORE inspite of using so much complaince

And now they want to get monopoly by taking license from all other advisor or making difficult to work by these compliances , which are not easy for everyone .

No other regulator create these types of rules which are impossible to follow , I dont know why these types of people are coming on top in all govt. agencies , one by one .

We all should take some serious steps against this working committee otherwise they will ruin the RIA Model completely

Ek Lakh me imaan bechane wale bahut milenge ghalib