Millennium Post

SEBI gets tough with investment advisers

With an aim to crack its whip on investment advisers possibly indulging in unfair trade practices, watchdog SEBI is putting in place strict norms for them, including putting a ceiling on fees charged by them.

All investment advisers would need to register with SEBI [Securities and Exchange Board of India] after payment of required application and registration fees, while the market regulator eventually wants them to be regulated through an SRO [Self Regulatory Organisation] model.

While the proposals have been approved by SEBI’s board, they could be soon notified by the market regulator, a senior regulatory official said.
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