Investment advisory registration moves at a snail's pace
"Somebody who is distributing a financial product, he has a commercial interest. He might recommend a product, where he is likely to get a better commission. Our guidelines say there has to be an investment adviser who has to be unbiased and should not have any conflict of interest. A distributor can sell his product, but he can not offer advice," Sinha added.
Jun 09, 2015, 14:17 PM IST