Is your investment advisor cheating you? File your complaints on SCORES

Be wary of anyone who does not do risk-profiling and starts pushing investment products at you

The Securities and Exchange Board of India (Sebi) is likely to monitor the activities of registered investment advisors (RIAs) more closely because the number of complaints against them has been rising. 

In a recent consultation paper put out by Sebi on setting up a self-regulatory body, the regulator said with the number of Sebi RIAs rising (1,195 on June 2), the number of complaints against them has also seen a corresponding increase. 

The complaints include charging high fees, giving an excessively rosy picture of the return clients can expect, and so on. Clearly, a Sebi RIA licence is no guarantee that the