Sebi mulls cancelling application process for SRO for MF distributors

Wow...even the courts are not punishing the guilty. In this article it just says that FOSF goes to supreme court in 2015 and supreme court allows SEBI to start fresh selection process. So even this article is biased towards these babus who sit in AC cabins and just because they have powers nobody is going to write against them. The truth is supreme court told them to remove IMFI because there was no selection process followed and in a hurry IMFI was appointed as an SRO and they will have to follow the process properly and only then have to appoint SRO. Now SEBI took so much time after that for SRO because they wanted to see to it that AMCs get into such a position that SRO wil also be just for the namesake and will not be able to save distributoion. Before SRO is appointed maximising the profits for AMCs was done so now it doesn't make any difference whether SRO comes or not. Shame on the regulator and even the newspaper who published this article which doesn't give all the facts and are untruthful in many matters.