Research analysts (RAs) are having to factor in something else in their risk analysis, that of having their bank accounts frozen indefinitely. There have been cases of late where some clients have filed complaints with the cyber crime wings of the police, who then, based on limited information, take action. RAs believe that what could come as a relief is the new payment mechanism proposed by the market regulator. SEBI released a consultation paper titled \”Safe and Efficient Transfers on UPI\” Under this, the regulator has proposed that market intermediaries such as RAs, investment advisors (IAs), mutual funds and brokers will be given special UPI addresses to collect their fees. This will ensure that the investors are paying genuine SEBI-registered intermediaries. There is already aSEBI-initiated centralised payment platform available to investors to pay IAs and RAs. Currently, the use of the platform, which was co-created by BSE Ltd, is optional, though SEBI has asked the supervisory body to encourage people to use this platform.
Research analysts (RAs) are having to factor in something el….
