Sebi’s concept—to differentiate sales and advice—is innovative and good

So this is basically to bring foreign companies to india so that they earn money and take it back to their country. This will help us in distributing our wealth to foreigners. USA has understood and now going to protect their people's rught and wealth where as we will do exactly opposite and will help them to make money from us. They are rightfully getting protectionist and we are wrongly going further liberal. One should always and only worry about the rughts and interests of their own people and not foreigners(like USA...They are never bothered about what the world will think or what will the world do if they do something for their own people. They have one motto and that is let the world go to hell we will do what is good for our people no matter if due to that many countries get bankrupt which actually is a right attitude because one should be selfish about one's own country and people and should never worry about foreigners becauae their establishment should take care od them and not us.

And what is the meaning of expect distributors to give right products? We always give right product in fact many advisors are known to missell. Banks and brokers only and only missell. In our country we do not need any advisors at all because distributors are doing a great job with a very low remuneration especially with the kind of services required by clients and operational issues( A lot) by AMCs. Let the world and global practices go to hell we should only worry about our country's situations and bring regulations. Theae people want to come here and make money so they are saying that we are not selling properly. He himself told that people in other countries also take insurance license. Now insurance is a product which is so called "frontloaded" then why do they take the license, they can just write a plan and take their money. Why take insurance license? It is for commissions. Now does that mean that they missell just because they are getting commissions and if so are they advisors by practise? Also in UK a large no of retail has been left out since they can not afford to oay fees and robos nobody trusts and i strongly believe nobody should trust because they do not talk to you and they do not understand your emotional needs. Also they also have been made by humans only so the formulas are derived by and feeded by humans only which can drastically go wrong but a good fund manager and distributor can and always will change the course fir the benefit of the investors.

Conclusion is we do not need these nonsensical and malicious regulations.