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

[headstrong007]

More good news.
Sebi writes to govt urging tax parity between cash and derivatives
http://www.business-standard.com/ar...ween-cash-and-derivatives-118050700833_1.html

Their only aims,
1. Increase the collection of STT.
2. Decrease the retailer's participation in Future Market.
3. Shift the retailers from futures to options as much as possible to get more tax. [New add on]

SEBI is now indirectly saying (in that article),
Tax in Option is lesser than Tax in F&O
=>(read between the lines) INCREASE THE STT IN OPTIONS! Govt already increased in option 3 times, still not satisfied!

***********
They also said below in that article, dirty planning is going on to shift retailers from future to options.

'The market regulator introduced the concept of ‘product suitability’ according to which an investor can take restriction free exposure to derivatives only up to a certain threshold, to be determined by his income levels!'

Trading is a business, it is up to the traders to determine ‘product suitability’ for them.
SHAME ON SEBI & GORMINT!

 

[afin]

And so it begins............... #ITR #SEBI

 

[TraderGYO]

And so it begins............... #ITR #SEBI View attachment 25276

This quick?
Does anyone else receive this from other brokers like fyers, zerodha, icicidirect?
How much do I have to show as net worth to trade in futures ? Any ideas?

 

[headstrong007]

The main question is how could SEBI restrict INTRA DAY LEVERAGE too? Does anyone have the idea?

Trading members report margin only EOD basis & intraday leverage is purely brokers(trading members) choice.

What a stupidity! Bid-ask difference and cost of the trade due to market order will go up as volume will definitely decrease. It'll hurt investors to traders to brokers to exchange every one!

 

[Newbie Day-Trader]

You're right, it's not a new thing. Zerodha already had this requirement for F&O trading for years, & maybe other brokers too. But one needn't submit ITR if one doesn't want to, even copies of the bank statement for the past 6 months are good enough, even if you only have a few thousand rupees in the account. In short, the NEW income-requirements that SEBI has proposed are probably not yet effective, so no need to worry as yet.

 

[Newbie Day-Trader]

The main question is how could SEBI restrict INTRA DAY LEVERAGE too? Does anyone have the idea?

Trading members report margin only EOD basis & intraday leverage is purely brokers(trading members) choice.

What a stupidity! Bid-ask difference and cost of the trade due to market order will go up as volume will definitely decrease. It'll hurt investors to traders to brokers to exchange every one!

Where has SEBI talked about restricting intra-day leverage? Please don't give them ideas, they're already very good at coming up with very bad ideas on their own.

 

[TraderRavi]

***********
They also said below in that article, dirty planning is going on to shift retailers from future to options.

'The market regulator introduced the concept of ‘product suitability’ according to which an investor can take restriction free exposure to derivatives only up to a certain threshold, to be determined by his income levels!'

Trading is a business, it is up to the traders to determine ‘product suitability’ for them.
SHAME ON SEBI & GORMINT!

how can they stop option gamblers ??? this income level policy will only stop fut delivery trades.

 

[TradeJoker]

Hi ravibhai,

 

[TraderRavi]

Hi ravibhai,

hi TJ , portfolio boom boom ?

 

[maneverfix]

how can they stop option gamblers ??? this income level policy will only stop fut delivery trades.

Ravibhai,

aate hi aap Testbhaiya ke piche pad gaye