2 questions :
1. Have you seen any business that does not operate ( at least during the startup phase ! ) with leverage? Also for purchases like Auto, Home, 2-wheeler, Commercial vehicle,consumer durable, Credit card etc...? Does the world run without leverage?
2. Few years back, SEBI started something like Certified trading advisor and started a registration process for people who gives away 'trading tips'.... what has changed since then? Is SEBI underwriting the losses traders are making following the 'tips' being given by these "Certified Tips providers" ? if not what goal SEBI has reached by adding another set of paperwork ?