"We trust that you will avoid using harsh language and will refrain from making unsubstantiated allegations against individuals and firms. Your constructive feedback and opinions are very valuable to all of us in the industry. "
I am the one who recieved due diligence letter. Out of four criteria I am clear about three into which I am not falling. The first criteria which says "More than 20 locations" I am not aware of this one. So how would I know about the same. AMC or SEBI should directly communicate the same.
any change in the mutual fund regulations must be communicated to the individual agents for faster cimpliance, This way agents could do more quality business.
The disclosure done by hdfc giving out details of total commission earned by distributors violates the fundamental right of an Indian Citizen to not disclose his earnings to anybody except as required by law. Its a serious breach of security for the individual.. Sebi should take note.
I am pleased that atleast some open dialogue is started due to efforts of Wealthforum. This article will bring in light some more questions from different IFA's and I request that it should be addressed in next couple of days. Many many thanks for a very good initiative.