Sebi proposes distinction between mutual fund distributors and advisers

Banks should not be allowed to sell third party products because they only and only missell. Secondly will.SEBI take RIA's and their recommendation's responsibility and will they pay fine if RIA gives wrong advise and if investors lose money because of wrong recommendations by RIA? Also will.SEBI pay fine if a single investor looses money or doesn't get a good return from direct mutual funds? If not than they shouldn't be bringing any such nonsensical regulations by which the investors suffer. How many investors make the same money as benchmark is what SEBI has to ask itself and do the study. If they pay fees than again the cost of fees will also be taken into account while counting returns in the hands of investors.

This so called conflict of interest only exists in banks and brokers. Largely IFAs have done and willl do a good job if the regulators do not meddle in their day to day activities and life. Because end of the day we also have to feed our family. Actually salaries of AMC staff including top management is to be regulated along with their margins as well. AMCs have a huge margin and a hefty balance sheets which needs to be cut down. Why only us this time it is their turn to do something for crores of investors(society). Even SEBI members should work on fee only and only earn if they add value(only if all investors make money and non of them lose even a rupee and people like vijay mallya don't get a free hand or com0any getting delisted shouldn't dupe people.
That is SEBI's true job and thst is where they s