SEBI plans to firm broker fees
Aug 30 2019
News Category: Industry Update
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Media reports that the Securities and Exchange Board of India is proposing stricter norms for broker commissions for portfolio management services (PMS) and alternative investment funds (AIFs) on investment products with the purpose of reducing mis-selling by to increase transparency. The market regulator’s measure of tightening rules came in following increasing complaints regarding asset managers and distributors’ aggressive product selling to investors.

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