SEBI's turning super-desparate.
How?
In order to keep as many folks under its ambit, SEBI has lowered its entry barriers for research analysts and advisors to the floor.
No master's or professional education needed. Graduates with NISM can apply.
Networth criteria lowered
Part time IA RA allowed
One can be both an IA AND an RA at the same time.
Yes, it makes sense to bring people under its regulation but it CAN have dire effects on the ground level where novice retail traders will be exposed to random folks with SEBI licensed thumped on their chests.
That would be a much BIGGER challenge to solve.
A Digital Blogger