The self-styled options queen pulled off a Rs 104 crore scam, masquerading as a trading expert to play on investor gullibility, with nary a peep out of SEBI for over 10 years. Will the scourge ever be eradicated?
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Mounting concentration risk has forced the fund house to change tack yet again. While shifting focus to small-cap stocks from defensive ones could somewhat help, such frequent switches are less than ideal.
The regulator has eased the eligibility criteria to become a registered investment advisor, but the compliance procedures could still make social media influencers offering financial advice wary of registration.
Some research analysts have announced a closure of operations, fearing higher compliance costs. But it may be too soon to take such a call.