Avoid percentage of AUA fees for a financial plan

This clearly means that many RIAs are miisselling the products. Who is responsible for these misselling? How can the regulator allow these RIAs to missell? Whose responsibility in is to safeguard investor interest especially when you are promoting and giving licences to everyone who pays the money to become RIAs? Forcefully bringing RIA model which is not at all good for our country and then charging some money to give licenses and then allowing them to missell, is this what regulatos are for? This means that they charge money to allow misselling of products. In this deal regulator earns, AMCs maximise their profits and RIAs earn. What happens to investor's money? They have projected distributors as devils but in fact a combination of regulator, AMC and RIAs are doing people where as the distributor always made sure that the inventor is never duped.

Shame shame shame