As a regulator, Buch said, we cannot afford to have one lakh of Indore-type investment advisors. “I have personally gone through and seen people being driven to suicide because of the bad things that happen in the market.” Citing that a large number of 35% of investment advisors are still not registered with the regulator, she said.
Sebi chief decodes ‘sayanapanti’ of algo sellers, finfluencers, Indore-type advisors
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