But how can we voice out and put it in SEBI’s ears? Here is a petition
Against limiting exposure for traders in financial markets.
How about "Nation-wide Retail Trading Boycott"?
Brokers act as a medium between the Exchanges and the Participants. So, they need to actively support this trading boycott wherein mass-mailers should be circulated and put their shutters down. Yes, short-term revenue loss but long term resolution. And it would be in favor of Broker's best interests.
Every Retailer supporting this should get a forum to speak out and pen down every single concern - be it high STT, Insider trading, STCG/LTCG, Unrealistic huge Lot-size, etc. This needs to be then concisely presented to SEBI from the broker’s end and a rigorous realistic rationale discussion must take place between the Broker (representing the trading community) or market participants and the SEBI.
Let’s approach our Broker’s individually and see their response! Please keep the lights on during the weekends.
P.S.
BTW SEBI is giving example of SOPs followed in South Korea. South Korea is an emerging market, so is Pakistan (with the help of China). Why copy the rules followed in some other exchanges. India is India and the geo-political, socio-economical factors are unique to Her only. How dare Sarkari Chamchas compare our market to others - it only shows SEBI incompetencies (in the past SEBI plagiarized models of major US exchanges and today talking big on South Korea). Our market is functional and the heavy losses incurred by individuals in Derivatives section are notional to an individual which must be attributed as personal decision. How can you even think and come up with such stupidity?
What about them who overcame these barriers, hurdles; struggled hard, studied day-night, managed difficulties in life and thriving today for financial freedom?
This is the very difficulty of Democracy.
It is utterly disgraceful that Indian legislation support Entropy (gradual decline into disorder) at the cost of penalizing the Efficient Workforce.
Sources:
https://tradingqna.com/t/sebi-plans-to-cap-our-margin-on-our-net-worth/44541
https://tradingqna.com/t/how-about-a-protest-strike-against-sebis-proposed-networth-decision/44672