Splitting advisor, distributor roles shouldn’t hurt small investors

This is absolutely rubbish. The banks are still misselling all the financial products big time. Also distributors never sell where they get paid the most. The commission cap is in place which will never go beyond 1%. Banks are the missellers so they should stop banks from.selling third party products just to earn commissions and forget their own business that also at the cost of crores of investors. Secondly so called "advisors" also tie up with AMCs and will recommend their products. The cost of advising will also be a part of the expense that investors will incur so the products don't get cheap at all. We all saw that even RIAs missell and they have lost their licenses because of that. Secondly this is a time for SEBI to forget what is going around the world and focus on our issues and do a survey where everyone including distributors should be consulted before bringing any regulations because we are the people on ground facing investors and we understand the ground reality the best and not people sitting in A/C cabins googling what is good in which country of the world. Rather than focusing on penetration SEBI is focusing on how to give AMCs maximum profits which is completely against what they are responsible for. Micromanaging our commissions but not micromanaging salaries of AMC staff. Not micromanaging their own salaries because they do not axd any value to our investors and they are not responsible if investors lose money eventhough that is their primary function. At the same time AMFI should be dissolved because this lobby is very dangerous. They make SEBI bring all the regulations just to benefit them at the cost of investors. In fact we don't need SEBI as well because what is going on in the world we can also find out and decide what regulations to bring why to we pay hefty salaries to them? End of tbe day ghey are also earning from investor's money just like all AMC staff then why we have to pay for their incapabilities?

In fact you should look at the operations of AMCs. They are pathetic so if investors go direct they will be harassed which is till date taken care by distributors and we get paid 1% which is peanuts but still we work and the cost of that is so high and also we do all the hamali work of viving FATCA although there is no connection of that to our investors. We do their AADHAAR linking, we do kyc and ckyc time and again. And apart from this we give atleast 6 different services to investors without any cost in addition to giving them correct advise staying with them for as long as they reach their goals. We do reviews. We hand hold them in difficult times and we help them create wealth. Tell me instances where investors lost their entire investments through us. Please leave us alone and let us do the genuine and good work we are doing and if we earn from it so what?