In its board meeting on 23 September, the Securities and Exchange Board of India (Sebi) decided to bring out a consultation paper to re-look at who all qualify to be a Sebi-registered investor adviser (RIA). In short, it wants to widen the scope of the regulations and bring more distributors, who sell mutual funds, into the advisory business. Mint had reported on this on 19 September (http://bit.ly/2cQ0XJS ). Here’s what it means for you, the investor, who may run into one of them to seek investment advice.
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