Sebi proposals to even out India’s advisers: experts

A new consultation paper from India’s Securities and Exchange Board of India (Sebi) on separating investment advisers’ financial advisory functions from product distribution appears to have addressed lingering conflict of interest issues. That is likely to prove more beneficial for investors, according to experts. The new proposals dictate that market participants can only choose either advisory or distribution. That is seen as a key rule change that should create a more level pla…