In light of this, here are five essential strategies to shield yourself from becoming a victim of financial mis-selling. Another red flag is when agents or advisors fail to disclose the commissions they will earn from promoting a specific financial product. A robust financial product should have a transparent redressal or recourse mechanism in place. Use SEBI Registered Investment Advisors: When it comes to investment advice, prioritise engaging with advisors registered with the Securities and Exchange Board of India (SEBI). SEBI-registered investment advisors (click here to see list: https://tinyurl.com/sebiria) adhere to regulatory standards, providing a level of assurance regarding their qualifications and ethical practices.

Source: The Hindu November 26, 2023 02:33 UTC