SEBI's new move to cut retailers participation in F&O!

[Vitthala]

imagine you are working in some company and you came to know that the company is facing some financial crisis and it may shut down any time..may be it will take a month,2 months or just tomorrow
so,how will you dress up passionately every morning to reach there?

SEBI should release some official statement over what is real and what is rumor

 

[TraderRavi]

bhailog abhi to trading kar lo.............kal ho na ho

 

[timepass]

Given this scenario, it should be expanded to all other purchases too. The citizens should not be allowed to buy anything more than they can afford to - cars, scooters, property, washing machine etc.

 

[NJ78]

A move this big wouldn't be possible without the tacit support of big brokers. By big brokers, I mean full-service brokers, not discount brokers. If we consider the top 10 brokers in the country by trading activity, almost 8-9 of the names will be full-service brokers. Zerodha is the only discount broker in that list but I doubt that many FIIs trade on Zerodha. Discount brokerage is, for the large part, the preferred choice of the retail trader.

Let's consider a few simple questions:
Q. Who runs these full-service brokers?
A. Banks, financial institutions, Nifty heavyweights & foreign players. The ones with expensive research teams & tons of money crisscrossing the globe. The sharks. The retail nemesis. The "anti-discount" brokers.

Q. Who are these full-service brokers' most valuable customers?
A. HNIs

Q. Which group is SEBI planning to exempt net worth requirements from?
A. HNIs

Connecting these basic dots, it wouldn't be preposterous to assume that the authorities are targeting not just retail traders but also seeking to dampen the growing influence of discount brokers. Any other conclusion just doesn't gel.

 

[afin]

A move this big wouldn't be possible without the tacit support of big brokers. By big brokers, I mean full-service brokers, not discount brokers. If we consider the top 10 brokers in /the country by trading activity, almost 8-9 of the names will be full-service brokers. Zerodha is the only discount broker in that list but I doubt that many FIIs trade on Zerodha. Discount brokerage is, for the large part, the preferred choice of the retail trader.

Let's consider a few simple questions:
Q. Who runs these full-service brokers?
A. Banks, financial institutions, Nifty heavyweights & foreign players. The ones with expensive research teams & tons of money crisscrossing the globe. The sharks. The retail nemesis. The "anti-discount" brokers.

Q. Who are these full-service brokers' most valuable customers?
A. HNIs

Q. Which group is SEBI planning to exempt net worth requirements from?
A. HNIs

Connecting these basic dots, it wouldn't be preposterous to assume that the authorities are targeting not just retail traders but also seeking to dampen the growing influence of discount brokers. Any other conclusion just doesn't gel.

One thing is for certain - SEBI will implement this no matter what. It is a far too powerful lobby for us all to be represented. It is only a question of time and the leverage that would be allowed. At best we will have to bargain for scraps - we don't have any bargaining chips left.

That being said, we will not go down without a fight. Lets take this representation to SEBI and negotiate on our terms.

 

[afin]

Someone posted this on the trading qna site - I happened to see it just now.

Sebi’s anti-competition hike
It looks like a situation where market access is being denied to smaller players for no reason
Last Published: Tue, Feb 18 2014. 05 58 PM IST

https://www.livemint.com/Money/hPmt0Td029fmVNU2OvRtzO/Sebis-anticompetition-hike.html

Seems like they just don't want any retailer to prosper.

 

[afin]

Tweeted to Ms. Monika Halan of Livemint as well - lets hope for some kind of a response

https://twitter.com/i/web/status/1031432523618738176

https://twitter.com/i/web/status/1031432988381212672

 

[Riskyman]

Raat mein Uber ya Ola chalao aur networth badao

 

[Loss_Lover]

Raat mein Uber ya Ola chalao aur networth badao

Wohi baaki hain!

Trading ke chakar mein, naukri toh teen sal pehley chor diya..... Ab aur ji nahi karta ki phirsey koi Corporate Politics a.k.a. Job join karun...... Apkey proposal mein RR thik bathta hain!

 

[Riskyman]

Wohi baaki hain!

Trading ke chakar mein, naukri toh teen sal pehley chor diya..... Ab aur ji nahi karta ki phirsey koi Corporate Politics a.k.a. Job join karun...... Apkey proposal mein RR thik bathta hain!

Hahaha. Although I meant that as a joke, its a fact that many full time traders who have quit their jobs 3-4 years ago will find it tough to go back to the corporate world. I am in my 6th year now. The Jobs are scarce as it is. I have a small farm down south so maybe I can do some mehnat mazdoori